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Dec 28, 2012
12/12
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WJLA
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and signed into law this month by president obama. >>> sunday's football game in indianapolis is more than just about winning. it will also be a triumph over adversity and personal battles won. abc's t.j. winick reports on the reversal of fortunes for the colts and their coach. >> reporter: coming into this nfl season, the challenges for colts' first-year head coach chuck pagano were many. a team that finished the league-worst 2-14, last year. >> the indianapolis colts select andrew luck, quarterback, stanford. >> reporter: and a rookie quarterback, taking over for the departed peyton manning. but less than a month into the season, those challenges were nothing, compared to the devastating personal news he received. >> the conclusion came down that he did have leukemia. >> reporter: the 52-year-old was forced to take a leave of absence for treatment, which included chemotherapy. expectations fell for the new-look colts. and yet, they've defied all expectations, behind rookie q.b. andrew luck and an interim head coach. pagano made a point of visiting his team when he was able. >> i'm d
and signed into law this month by president obama. >>> sunday's football game in indianapolis is more than just about winning. it will also be a triumph over adversity and personal battles won. abc's t.j. winick reports on the reversal of fortunes for the colts and their coach. >> reporter: coming into this nfl season, the challenges for colts' first-year head coach chuck pagano were many. a team that finished the league-worst 2-14, last year. >> the indianapolis colts...
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Jan 2, 2013
01/13
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FOXNEWSW
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when the sequestration runs out next few months and congress must vote to increase the debt ceiling. it appears speaker boehner is fwirding for a fight on both fronts in a statement that he issued last night. he said in part, quote, now the focus turns to spending. the american people reelected a republican majority in the house and we will use it in 2013 to hold the president accountable for the quote, balanced approach he promised. meaning significant spending cuts and reforms to entitlement programs that are driving our country deeper and deeper into debt. the president last night indicate he is open to come promy to spending cuts but drew a line when it comes to the debt ceiling. here's the president. >> now, one last point i want to make. while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. let me repeat. we can't not pay bills that we have already incurred. >> reporter: that in turn drew this response from conservative republica
when the sequestration runs out next few months and congress must vote to increase the debt ceiling. it appears speaker boehner is fwirding for a fight on both fronts in a statement that he issued last night. he said in part, quote, now the focus turns to spending. the american people reelected a republican majority in the house and we will use it in 2013 to hold the president accountable for the quote, balanced approach he promised. meaning significant spending cuts and reforms to entitlement...
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Dec 29, 2012
12/12
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CSPAN2
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one month later the united states congress came into session. members of congress put forth various compromise proposals. a critical portion of all dealing with the division of the territories, most often a proposal to extend some kind of dividing line westward beyond the louisiana purchase all the way to the border of california. nabil after this rather lengthy preface i'm going to get to my main topic, y linkedin rejected all meaningful compromise, which meant the territories. but they're must be one thing more. i am going to talk about three different men tonight. one of you, one of them all of you know his name, abraham lincoln and who he was and what he did. the other two are not so well known, but probably a number of you are familiar with and recline, the great kentucky statesman. probably fewer, william henry seward. 1860, a senior senator from new york state and prior to his nomination for the presidency was by far the most notable and well-known republican in the country. now, finally i'm ready to start. >> you can watch this and other
one month later the united states congress came into session. members of congress put forth various compromise proposals. a critical portion of all dealing with the division of the territories, most often a proposal to extend some kind of dividing line westward beyond the louisiana purchase all the way to the border of california. nabil after this rather lengthy preface i'm going to get to my main topic, y linkedin rejected all meaningful compromise, which meant the territories. but they're...
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Dec 31, 2012
12/12
by
WBAL
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. >> just last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. obviously the agreement that is currently being done would raise those rates and raise them permanently. >> some democrats did not applaud. agreedid the president's to raise rates on those making over $250,000, not four hundred thousand dollars. >> democrats won a two-year postponement, with costs covered by new tax hike. the president scoffed at republican demands for deeper spending cuts. >> shove spending cuts at us. >> so much for the gop. >> a bigger deal is, will a deal get done? >> whatever happens are does not happen before midnight, this partisan more on taxes and spending is sure to continue well into 2013. steve handelsman, wbal-tv 11 news. >> as we wait for word of the deal, lawmakers in washington are under close scrutiny. that is because the alternative will impact almost every american. we are joined by nikole killion, who is live in washington to explain. >> some analysts say this is more of fiscal slope rather than a cliff, since the effects would be gradua
. >> just last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. obviously the agreement that is currently being done would raise those rates and raise them permanently. >> some democrats did not applaud. agreedid the president's to raise rates on those making over $250,000, not four hundred thousand dollars. >> democrats won a two-year postponement, with costs covered by new tax hike. the president scoffed at republican...
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. >> after months of drama and last-minute negotiations congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> this law is just one step in the broader effort to strengthen our economy and broaden the opportunity for everybody. >> lawmakers completely blew their deadline. they didn't get the grand bargain that both claim was parties claim was their ultimate goal. but tonight both democrats and republicans gave themselves credit forgetting something done.y, veryis a very, very strg first step. >> this is an important one. this is a critical one for the future of the country. >> there was considerable happened wringing about a lack of spending cuts. some wanted to add them in, but ultimately there weren't enough votes t passed. passed. the bill was overwhelming bipartisan support would extend tax cuts for all tax earners earning less than $400,000 a year and tax hikes on those estates worth $5 million. and benefits set to expire for some two million people. since congress missed the january 1st midnight deadli
. >> after months of drama and last-minute negotiations congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> this law is just one step in the broader effort to strengthen our economy and broaden the opportunity for everybody. >> lawmakers completely blew their deadline. they didn't get the grand bargain that both claim was parties claim was their ultimate goal. but tonight both democrats and...
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Dec 31, 2012
12/12
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FOXNEWSW
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. >> last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. the agreement currently discussed would raise those rates, raise them permanently. >> republicans suggest the event may backfire to accuse the republican of rubbing their nose in defeat. >> the president won. we know that. he won fair and square. isn't it now time to govern? >> the president was out of line with his comments at 1:30 afternoon. this is a delegate time. i think the democrats would be embased after what the president did. >> after months of the president promising a balanced approach there are only tax hikes for rich without new spending cuts. today he hinted at more tax hikes ahead. warning republicans that the future deficit reduction will not come from cuts alone. >> if they think that is the formula for how we solve this thing, they have another thing coming. that is not how it will work. >> republicans fire back it's time for presidential leadership, to stop exploding cost of programs like medicare. >> mr. president, i am willing to play along with my oth
. >> last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. the agreement currently discussed would raise those rates, raise them permanently. >> republicans suggest the event may backfire to accuse the republican of rubbing their nose in defeat. >> the president won. we know that. he won fair and square. isn't it now time to govern? >> the president was out of line with his comments at 1:30 afternoon. this is a...
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Dec 31, 2012
12/12
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WUSA
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there was a bill that was before congress for 15 months, bipartisan support, the president supported it, everybody wanted it, no specialty group didn't want it, and yet it took 15 months before it was passed. it was a bill to give the fda more power to regulate the shortage. now, the good news is that since it was passed in the last six months there's been a doubling of the notification that the fda gets of the shortages. when they get the notification, they can import drugs from abroad, they can call manufacturers and increase the amount of supply here in the united states. there's been a 44% drop this year compared to last in the number of drug shortages. still there are a hundred on the shortage list. >> finally from your perspective, what's the biggest health story of the year. >> for me it's this obesity crisis. you know, two thirds of americans are either obese or overweight. >> yeah. >> and we have this big question about the food police. is it possible to regulate behavior and we see in new york city to lower this crisis. and one of the things that bloomberg has been doing ha
there was a bill that was before congress for 15 months, bipartisan support, the president supported it, everybody wanted it, no specialty group didn't want it, and yet it took 15 months before it was passed. it was a bill to give the fda more power to regulate the shortage. now, the good news is that since it was passed in the last six months there's been a doubling of the notification that the fda gets of the shortages. when they get the notification, they can import drugs from abroad, they...
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Jan 2, 2013
01/13
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KBCW
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. >> reporter: congress will have another standoff in two months when it must consider raiding the federal borrowing limit so the government can pay its bill. sharon chin, cbs 5. >>> man is dead after being swept out to sea while working on a marin county beach with his wife and dog. the couple was hit by a wave on north beach in the point reyes national sea shore around 5:30 this afternoon. the dangers of sneaker waves. >> reporter: a couple out for a new year's day walk along the beach with their dog got into serious trouble when they were hit by a sneaker wave. the woman and dog were knocked down, pulled out by that large wave. a man jumped in after them. this happened around 12:30 this afternoon. bystanders went over to help the woman who was struggling. >> either the dog was trying to be rescued by the husband or he was assisting her with her and he was swept out. >> reporter: the dog made it back to shore but the man did not. a man tried to save him seeing him floating 80 yards off shore. >> we were going to throw a rope to him but we saw he wasn't reacting. >> reporter: the coast gu
. >> reporter: congress will have another standoff in two months when it must consider raiding the federal borrowing limit so the government can pay its bill. sharon chin, cbs 5. >>> man is dead after being swept out to sea while working on a marin county beach with his wife and dog. the couple was hit by a wave on north beach in the point reyes national sea shore around 5:30 this afternoon. the dangers of sneaker waves. >> reporter: a couple out for a new year's day walk...
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when a new congress will be in place dick durbin praised president obama for making the deal happen. >> he was successful in the senate i hope he will be in the house as well. the senate bill is expected to take place in about an hour or so thanks very much on this first day of the new year three homicides in chicago the latest late this afternoon in the gage park neighborhood of man was shot in the chest in a possible drive-by shooting. he just left work at a downtown hotel. police reported the 19 year-old died after he was shot to death in the 4500 block of south champaign no one is in custody and 12 other people have been shot in the city since midnight last night a man and woman were shot around for in the morning the woman hit in the thigh and the man in the back, no one was arrested in any of the 12th shootings. chicago sought a total of 506 homicides in 2012 which is an increase of almost 16% from the years before. gary mccarthy helped make an arrest in the austin neighborhood. all around 130 this morning he helped officers pull over a vehicle in the area. the police departmen
when a new congress will be in place dick durbin praised president obama for making the deal happen. >> he was successful in the senate i hope he will be in the house as well. the senate bill is expected to take place in about an hour or so thanks very much on this first day of the new year three homicides in chicago the latest late this afternoon in the gage park neighborhood of man was shot in the chest in a possible drive-by shooting. he just left work at a downtown hotel. police...
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Dec 31, 2012
12/12
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WRC
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. >> keep in mind just last month republicans in congress said they would never agree to raise tax rates on the wealthiest of americans. obviously the agreement currently being discussed would raise the rates and raise them permanently. >> in democrats are not applauding. they taye the president promised tax hikes bon 250,000. >> i think that's grossly unfair. >> reporter: senate republican lead egg mitch mcconnell made the tax deal with vice president joe biden. >> let's pass the tax relief portion now. >> reporter: a hang upis automatic defense and other spending cuts that kick in at midnight. democrats want a two-year postponementment. the cost covered by the new tax hikes. the president scoffed at republican demands for deeper spending cuts. >> shove only spending cuts down, you know -- well, shove spending -- shove spending cuts at us. >> reporter: so much for winning gop allies. >> laughs and jokes and ridicules republicans. why? >> reporter: another question -- will speaker john boehner permit a house vote to hike taxes? if most of his reps will vote no. whatever happens before mi
. >> keep in mind just last month republicans in congress said they would never agree to raise tax rates on the wealthiest of americans. obviously the agreement currently being discussed would raise the rates and raise them permanently. >> in democrats are not applauding. they taye the president promised tax hikes bon 250,000. >> i think that's grossly unfair. >> reporter: senate republican lead egg mitch mcconnell made the tax deal with vice president joe biden....
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Jan 2, 2013
01/13
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MSNBCW
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i think that could compel congress to really look at this issue. this law governing natural gas exports hasn't been updated since 1938. whether or not congress has the political will to change it remains to be seen but it's certainly going to be part of the conversation. >> you also write about the european financial crisis. i would think it's fair to say 2012 was a horrible, terrible, very bad year for the european economy. but what could that mean to us here? >> right. i think the fiscal cliff of the past month has really allowed a lot of people and especially those in congress to forget that there's a big world out there where economies are not doing so well either. there's been a couple of economists, some of the big economic firms like deutsche bank and others who say, quote, we don't want to have a false sense of security about how europe is doing. i think as we have to somewhat of a degree put off the fiscal cliff, i think europe's woes are going to back to the forefront of congress. that could impact the u.s. economy and gas prices. i think
i think that could compel congress to really look at this issue. this law governing natural gas exports hasn't been updated since 1938. whether or not congress has the political will to change it remains to be seen but it's certainly going to be part of the conversation. >> you also write about the european financial crisis. i would think it's fair to say 2012 was a horrible, terrible, very bad year for the european economy. but what could that mean to us here? >> right. i think the...
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126
Jan 3, 2013
01/13
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KICU
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congress passed a temporary extension. lawmakers now have 9 months to pass an overall farm bill. ahead in 27 minutes, a storm of outrage. the legislation set for a vote later this week, after an uproar today. >>> police in san jose are investigating what may be a case of vigilantism, involving the city's 46th and final homicide of 2012. luis ricardo hernandez remains behind bars. police say he shot and killed christopher soriano. police say hernandez took the law into his own hands, and was trying to detain soriano, who he suspected of burglarizing vehicles in the neighborhood. >>> a 19-year-old woman from petaluma is missing tonight after she and her friends attended a three day music festival in south lake tahoe. she was last seen at the snow globe music festival. police in tahoe say she was last seen in a motel on the nevada side. the sheriff's department in douglas, nevada is now handling the investigation. >>> police have given us surveillance video of a suspect. live in the city with that video and the growing effort to find justice. >> reporter: julyy, the suspect in this
congress passed a temporary extension. lawmakers now have 9 months to pass an overall farm bill. ahead in 27 minutes, a storm of outrage. the legislation set for a vote later this week, after an uproar today. >>> police in san jose are investigating what may be a case of vigilantism, involving the city's 46th and final homicide of 2012. luis ricardo hernandez remains behind bars. police say he shot and killed christopher soriano. police say hernandez took the law into his own hands,...
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. >> after months of drama and last-minute negotiations congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> this law is just one step in the broader effort to strengthen our economy and broaden the opportunity for everybody. >> lawmakers completely blew their deadline. they didn't get the grand bargain that both parties claim was their ultimate goal. but tonight both democrats and republicans gave themselves credit forgetting something done. >> this is a very, very strong first step. >> this is an important one. this is a critical one for the future of the country. >> there was considerable happened wringing about a lack of spending cuts. some wanted to add them in, but ultimately there weren't enough votes to get it passed. the bill was overwhelming bipartisan support would extend tax cuts for all tax earners earning less than $400,000 a year and tax hikes on those estates worth $5 million. and benefits set to expire for some two million people. since congress missed the january 1st midnight deadline, te
. >> after months of drama and last-minute negotiations congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> this law is just one step in the broader effort to strengthen our economy and broaden the opportunity for everybody. >> lawmakers completely blew their deadline. they didn't get the grand bargain that both parties claim was their ultimate goal. but tonight both democrats and republicans gave...
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Jan 1, 2013
01/13
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WUSA
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congress has about two months before it has to raise the debt ceiling or risk causing the government to default on its bills and financial obligations. then we maybe get our credit rating lowered. you remember all those tricks. treasury secretary timothy geithner says the government will use a series of accounting measures to avoid defaulting on its debt. now, on monday it suspended the issuance of new debt for two government retirement funds reaching the limit sets up another big fight between the white house and congress over taxes and spending. in the new year sounds like the fiscal cliff all over again, right? that's because it is. >>> the markets are closed today for new year's but on monday wall street ended 2012 on a very high note. the dow jumped 166 points, finished the year up 7%. nasdaq really the leader here of 59 points yesterday. closed 201215% -- 2012 15% higher. >>> the health of the economy could influence whether a child picks up unhealthy habits. scientists found children who grew up during times of unemployment rates were high, were more likely to drink, smoke and
congress has about two months before it has to raise the debt ceiling or risk causing the government to default on its bills and financial obligations. then we maybe get our credit rating lowered. you remember all those tricks. treasury secretary timothy geithner says the government will use a series of accounting measures to avoid defaulting on its debt. now, on monday it suspended the issuance of new debt for two government retirement funds reaching the limit sets up another big fight between...
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Jan 3, 2013
01/13
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CSPAN
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and it will also say a lot about what congress will be up to in the coming months. first of all, we've got some expiring things that are going to force congress to act. we have the debt ceiling, that was already reached and there's only a few more weeks until congress will have to deal with the nation's borrowing limit. and then we have a two-month delay on the so-called sequester which is basically a whole slough of automatic spending cuts amounting in more than $1 trillion. that congress will have to deal with. there's so much on their plate right now. it has a lot of us wondering how they're going to handle it all. >> i'm going to let you go there because i see one of the clerks is beginning to gavel in. jordan of ohio.
and it will also say a lot about what congress will be up to in the coming months. first of all, we've got some expiring things that are going to force congress to act. we have the debt ceiling, that was already reached and there's only a few more weeks until congress will have to deal with the nation's borrowing limit. and then we have a two-month delay on the so-called sequester which is basically a whole slough of automatic spending cuts amounting in more than $1 trillion. that congress will...
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Jan 2, 2013
01/13
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WMAR
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in two months, the government will hit the limit of how much money it can borrow, unless congress raises the so-called debt ceiling. an automatic, across-the-board cuts to the pentagon and other agencies, are only to be delayed for two months, setting up another from fiscal cliff on march 1st. congress has adjourned. and late last night, after midnight, the president left for hawaii to meet with his family. and hopefully, he thinks for a few days' vacation. >> you mentioned the breathing per feelings got raw at the last minute. >> reporter: it got really nasty. politico first reported on friday when the congressional leaders met here at the white house, speaker of the house john boehner told the democratic leader, harry reid, off, use uhhing language i can't use here on "good morning america." >> you can't even paraphrase. >>> let's look at what the deal means to you at home. lots of paycheck changes right now. and bianna golodryga is at the smart screen to break it down. about 99% of americans protected from an increase. but most workers will take a hit. >> payroll taxes going up. this
in two months, the government will hit the limit of how much money it can borrow, unless congress raises the so-called debt ceiling. an automatic, across-the-board cuts to the pentagon and other agencies, are only to be delayed for two months, setting up another from fiscal cliff on march 1st. congress has adjourned. and late last night, after midnight, the president left for hawaii to meet with his family. and hopefully, he thinks for a few days' vacation. >> you mentioned the breathing...
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despite months of wrangling the us went off the fiscal cliff when the new year old drive for congress finally reached a deal they claim is good for the country is it really though it will dive into the law congress just passed and see who the real winners and losers are. and it was a massive superstorm that caused billions of dollars of damage in new york and new jersey before the hundred twelfth congress came to an end the house g.o.p. punted on hurricane sandy relief so what does this mean for the states and residents left in the dark by their own government. and the pentagon has a problem the u.s. relies on drones to conduct warfare around the world now they've launched a sixteen million dollar effort to prevent high tech flying machines from being hacked so how serious of a problem is this for the u.s. drone program. it's wednesday january second happy new year five pm in washington d.c. i'm meghan lopez and you're watching r.t. . topping the news this hour well they've done it again in literally an eleventh hour deal the u.s. house of representatives passed a fiscal cliff budget
despite months of wrangling the us went off the fiscal cliff when the new year old drive for congress finally reached a deal they claim is good for the country is it really though it will dive into the law congress just passed and see who the real winners and losers are. and it was a massive superstorm that caused billions of dollars of damage in new york and new jersey before the hundred twelfth congress came to an end the house g.o.p. punted on hurricane sandy relief so what does this mean...
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Jan 3, 2013
01/13
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KTVU
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congress passed a temporary extension. lawmakers now have 9 months to pass an overall farm bill. ahead in 27 minutes, a storm of outrage. the legislation set for a vote later this week, after an uproar today. >>> police in san jose are investigating what may be a case of vigilantism, involving the city's 46th and final homicide of 2012. luis ricardo hernandez remains behind bars. police say he shot and killed christopher soriano. police say hernandez took the law into his own hands, and was trying to detain soriano, who he suspected of burglarizing vehicles in the neighborhood. >>> a 19-year-old woman from petaluma is missing tonight after she and her friends attended a three day music festival in south lake tahoe. she was last seen at the snow globe music festival. police in tahoe say she was last seen in a motel on the nevada side. the sheriff's department in douglas, nevada is now handling the investigation. >>> police have given us surveillance video of a suspect. live in the city with that video and the growing effort to find justice. >> reporter: julyy, the suspect in this
congress passed a temporary extension. lawmakers now have 9 months to pass an overall farm bill. ahead in 27 minutes, a storm of outrage. the legislation set for a vote later this week, after an uproar today. >>> police in san jose are investigating what may be a case of vigilantism, involving the city's 46th and final homicide of 2012. luis ricardo hernandez remains behind bars. police say he shot and killed christopher soriano. police say hernandez took the law into his own hands,...
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Jan 2, 2013
01/13
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MSNBCW
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so for us to predict this new incoming congress is going to do anything is fool hearty. ics last month if the president doesn't act now and take advantage of that moment when the public's attention is focused on gun control, you wind up -- it winds up getting lost and swallowed. i fear that's what's happening here. it's important for you to keep this up on your show and elsewhere. they're just overloaded with things right now in the congress. and it's so hard to see it getting through that house when of course the leadership doesn't want it to get through the house in the first place. >> indeed. julian, we now know how william spengler who murdered two firefighters last week was able to get his bushmaster semiautomatic despite being a convicted felon. this woman bought the gun on behalf of the shooter at a gun shop. julian, if you went into a cornershop and a child openly gave you instructions to buy a certain brand of cigarettes, it's likely that the shopkeeper would refuse. yet in the space of two weeks, one person steals his mother's guns, another buys a bushmaster il
so for us to predict this new incoming congress is going to do anything is fool hearty. ics last month if the president doesn't act now and take advantage of that moment when the public's attention is focused on gun control, you wind up -- it winds up getting lost and swallowed. i fear that's what's happening here. it's important for you to keep this up on your show and elsewhere. they're just overloaded with things right now in the congress. and it's so hard to see it getting through that...
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Jan 2, 2013
01/13
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MSNBCW
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where congress brings it right to the brink and we just don't know what kind of progress is going to be made. >> moments last week in particular i was feeling very strongly, michael, when i was looking at some of the old pictures of norman schwarzkopf and writing the stories about norman schwarzkopf's death. when people came together in both parties and did things they felt best for the i felt that a little bit when president obama had a at what pointing prusz event before this that didn't help with the negotiations. i felt that way with speaker boehner with a deeply divided caucus and not able to do what he needs to do. they have to do something hard as opposed to what senator sanders was arguing. the main problem we have for 30 years in the future is middle class entitlement that we can't afford. we need broader taxes or reduced benefits or a mix of the two. those are the hardest things in politics to do and it will require real leadership by both sides. >> the president said he is willing to make compromises. is he willing to face the denial that michael grish am laid out. >> if y
where congress brings it right to the brink and we just don't know what kind of progress is going to be made. >> moments last week in particular i was feeling very strongly, michael, when i was looking at some of the old pictures of norman schwarzkopf and writing the stories about norman schwarzkopf's death. when people came together in both parties and did things they felt best for the i felt that a little bit when president obama had a at what pointing prusz event before this that...
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he hasn't cast a vote in 11 months. massachusetts will again have a kennedy in congress as joe kennedy and for the first time the fewest number of military veterans since world war ii. >> as we get further and further away from the greatest generation. interesting how the demographics change. it is, yeah. >> certainly is. >> hopefully, they'll get something done, the new congress, unlike the old one, that was the least productive congress in history. >> let's just let the ladies do it. >> nowhere to go but up. >> we know how to get stuff done. >> roll with it, girl. >>> talk about dirty politics, a former congressional candidate says she's been the target of vandalism by a political rival. gary smith was arrested for slashing the tires of janice arnold jones. a judge told him to stay away, but police say he didn't listen. now she says smith is stalking her. neither candidate won the seat by the way. should note that. but smith's former campaign manager says he's been a target, as well, having to replace 54 tires because
he hasn't cast a vote in 11 months. massachusetts will again have a kennedy in congress as joe kennedy and for the first time the fewest number of military veterans since world war ii. >> as we get further and further away from the greatest generation. interesting how the demographics change. it is, yeah. >> certainly is. >> hopefully, they'll get something done, the new congress, unlike the old one, that was the least productive congress in history. >> let's just let...
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Dec 31, 2012
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WRC
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. >> keep in mind just last month republicans in congress said they would never agree to raise tax rates on the wealthiest of americans. obviously the agreement that's currently being discussed would raise those rates and raise them permanently. >> again even if the senate were to pass the deal tonight, the house does not plan to vote on it tonight, but that too could change. >>> does that technically mean we're going over the fiscal cliff? >> msnbc's luke russert is live to explain why some congressional aides are call it a fiscal slope and not necessarily a cliff. good evening, luke. >> good evening, how are you doing? >> great. >> what we're seeing is this idea that the house represents will not teenage are take many any compromise, the reason simply being there's no bill for them to vote on. they do believe they could vote on something as late as midmorning tomorrow, maybe even all the way to january 2nd. it's not a fiscal cliff so much as a fiscal slope. they believe if the markets think congress is working towards a deal, that's enough to avert any real economic calamity, however,
. >> keep in mind just last month republicans in congress said they would never agree to raise tax rates on the wealthiest of americans. obviously the agreement that's currently being discussed would raise those rates and raise them permanently. >> again even if the senate were to pass the deal tonight, the house does not plan to vote on it tonight, but that too could change. >>> does that technically mean we're going over the fiscal cliff? >> msnbc's luke russert is...
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Jan 3, 2013
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. >> the bill approved by congress delays any spending cuts for two months. that issue will come up before the new congress being sworn in tomorrow. >>> the battle with seattle just four days away, the burgundy and gold hit the practice field today getting ready for this weekend's playoff crash. meantime a big honor for a redskins rookie. fox 5's bob barnard here with the details. >> it's the heralded no. 46, alfred morris, today named the nfc offensive player of the week. he's the first redskins rookie running back to be so honored. morris racked up 200 yards and three touchdowns last sunday against dallas. of course, it wasn't only alfred running the ball sunday. quarterback robert griffin, iii also rushing for more than 60 yards and a touchdown. it was clear watching the game, however, griffin was not his same explosive self. it's now been nearly a month since his knee sprain. griffin says it's feeling better every day with no setbacks. today he was asked which hinders him more, the brace or the injury itself. >> it's getting pretty close to just being mos
. >> the bill approved by congress delays any spending cuts for two months. that issue will come up before the new congress being sworn in tomorrow. >>> the battle with seattle just four days away, the burgundy and gold hit the practice field today getting ready for this weekend's playoff crash. meantime a big honor for a redskins rookie. fox 5's bob barnard here with the details. >> it's the heralded no. 46, alfred morris, today named the nfc offensive player of the week....
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Jan 2, 2013
01/13
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. >> reporter: the speaker says he ise committed to addressing sany relief this month, but that means the new congress that convenes tomorrow will have to start from scratch, busbu legislation does not -- because legislation does not carry over. >>> as the fiscal cliff has been averted, the wait to the last minute has many skeptics, anda renewed discussion aboutdisc civility in congress.ng joining us is the managingma editor of the hill newspaper. you got john boehner here trying to corral the cass on the house floor, he seems to be the moderate, and if there's any take away from the election mitt thromney lost, it's because theh republicans are so far rightfar that they need to come more to the middle, but the republican party is dissing john boehnerhn who is kind of in the middle? >> he got in trouble because of that sandy relief, and chrischri christie called him out, andan boehner backed down on sandy,o but overall, the republican party is not unified, and we sa that with the fiscal cliff deall senate republicans struck a deal with joe biden, it passed the senate, and house republ
. >> reporter: the speaker says he ise committed to addressing sany relief this month, but that means the new congress that convenes tomorrow will have to start from scratch, busbu legislation does not -- because legislation does not carry over. >>> as the fiscal cliff has been averted, the wait to the last minute has many skeptics, anda renewed discussion aboutdisc civility in congress.ng joining us is the managingma editor of the hill newspaper. you got john boehner here trying...
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Dec 30, 2012
12/12
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a month ago, the gallup ll had their approvaval rating at 18%. i will put a positive spin on thatat -- it i an improvovement over august where it was 10%. you would think that during their wewell-earned chrisas break, both of us would have found a wayy to come together and get something done. >> this is not the fault of ngress. congress is behaving likee congressss. this is the president's fault. he needs to go to the countryy and explain why they need to get this done. he has never done that. >> we are in different universes. i have heard him talk about it over a and over, incessantly about where we should not go over the fiscal cliff. it is congress's fault. congress created this fiscal cliff. no one else to impose this on them. it is a self-imposed problem. >> the problem is that the president has never ge to the nation and made a serus speech about debt. he ignored it the first two years. he appoints aommission that he studiously ignores for the nextt two years. that is why we are at the fiscal cliff now. he is not serious about that. none of
a month ago, the gallup ll had their approvaval rating at 18%. i will put a positive spin on thatat -- it i an improvovement over august where it was 10%. you would think that during their wewell-earned chrisas break, both of us would have found a wayy to come together and get something done. >> this is not the fault of ngress. congress is behaving likee congressss. this is the president's fault. he needs to go to the countryy and explain why they need to get this done. he has never done...
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Dec 31, 2012
12/12
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keeping in mind last month republicans in congress said they would never agree to raise tax rates on the really nest americans. obviously the agreement would raise those rates permanently. [applause] >> but keep in mind we still have more work to do. we have deficits that need to be dealt with and we need to think about how to put our economy on a long-term trajectory of growth and infrastructure to help our economy grow. keep in mind the threat of tax hikes going up is only one part of this so-called fiscal cliff everybody has been talking about. what we also have facing us starting tomorrow are aught maddic spending cuts that are scheduled to go into effect. and keep in mind that some of these spending cuts that congress has said will automatically go into effect will have an impact on our defense department and head start. so there are some programs that are scheduled to be cut that we are using an ax instead of a scalpel. it may not always be the smartest cuts. so that's a piece of business that still has to be taken care of. i want to make clear that any agreement we have to dea
keeping in mind last month republicans in congress said they would never agree to raise tax rates on the really nest americans. obviously the agreement would raise those rates permanently. [applause] >> but keep in mind we still have more work to do. we have deficits that need to be dealt with and we need to think about how to put our economy on a long-term trajectory of growth and infrastructure to help our economy grow. keep in mind the threat of tax hikes going up is only one part of...
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Jan 2, 2013
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i have a very hard time throwing a parade for a congress that took 13 months to get a mediocre solution that doesn't address spending, doesn't address the debt, raises taxes not only on the wealthy but i keep hearing it's not raising taxes on the middle class. that's not true. the payroll tax cut is expiring. so taxes are going up for everybody. we're going to end up in a situation where we end up fighting over the debt ceiling and sequestration in two months. so maybe the market makes out okay but the american people didn't make out okay with this. >> but that payroll tax cut was always seen as a temporary measure. neither democrats nor republicans were really pushing to keep it going. >> and i agree. >> yeah, go ahead. >> i was going to say that i agree. i think it's a good thing, but i do think that we should be honest and not let the political rhetoric get in the way and be very, very clear that this is a tax hike on everybody. >> go ahead, maria. you want to respond. >> sure, absolutely. it is not a tax hike on everybody. yes, people's paychecks will go up a little bit. but we knew
i have a very hard time throwing a parade for a congress that took 13 months to get a mediocre solution that doesn't address spending, doesn't address the debt, raises taxes not only on the wealthy but i keep hearing it's not raising taxes on the middle class. that's not true. the payroll tax cut is expiring. so taxes are going up for everybody. we're going to end up in a situation where we end up fighting over the debt ceiling and sequestration in two months. so maybe the market makes out okay...
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Jan 1, 2013
01/13
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. >> keep in mind, last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. the agreement that is being currently discussed would raise those rates and raise them permanently. host: president obama talking about what democrats won, potentially, in this deal. a writer for the nation -- "the nation" -- as he writes, the bill was approved, and most republicans were behind it. they're worse -- there were some no votes. there were five republican nos. there were three knows from the democrats, senators bennett, harper, and tom harkin. richard in capitol heights, maryland, an independent color. caller: thank you for taking my call. those people realize that this so-called fiscal cliff, but there is a reason why these tax cuts camp -- come up every year. it is so they can keep debating over the american people, to allow the american people to pay super rich people's america -- their taxes. i just do not get what people do not understand that this is why it comes up every year. that is what we will keep doing. this is what they are fighti
. >> keep in mind, last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. the agreement that is being currently discussed would raise those rates and raise them permanently. host: president obama talking about what democrats won, potentially, in this deal. a writer for the nation -- "the nation" -- as he writes, the bill was approved, and most republicans were behind it. they're worse -- there were some no votes. there...
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and in the months ahead. chris? >> kelly o'donnell, thank you. well, all eyes do now turn to the republican-controlled house and speaker john boehner. about two hours before the senate voted, the house leadership said it would take a wait-and-see approach. "decisions about whether the house will seek to accept or promptly amend the measure will not be made until house members and the american people have been able to review the legislation." with me now, "the washington post's" david machimura and steve toma, chief political correspondent for "mclatchy" newspapers. good morning. >> good morning. >> happy new year. >> happy new year. david, let's talk about what we're going to see in the house. obviously, if it passes, a lot of people will probably be voting yes while they're holding their nose, but could there also be a revolt from conservative members that could threaten this bill? >> i think, chris, you can never predict completely smooth passage, especially in the house, but i think the senate wouldn't fee
and in the months ahead. chris? >> kelly o'donnell, thank you. well, all eyes do now turn to the republican-controlled house and speaker john boehner. about two hours before the senate voted, the house leadership said it would take a wait-and-see approach. "decisions about whether the house will seek to accept or promptly amend the measure will not be made until house members and the american people have been able to review the legislation." with me now, "the washington...
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Jan 3, 2013
01/13
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then, there's a full plate of challenges left by the last congress. within the next two months, the lawmakers will again face the prospect of automatic spending cuts and the need to raise the nation's debt ceiling. >> brown: still to come on the "newshour" tonight: weighing the fiscal cliff deal; charges in the india gang rape case; the country's crumbling sewage system and an expanding american reach for al jazeera. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: for another member of congress, today marked an especially momentous return to work. republican senator mark kirk of illinois suffered a stroke 10 months ago, and had to learn how to walk again. today, he climbed the 45 steps of the capitol, with vice president biden and west virginia senator joe manchin on hand for support. secretary of state hillary clinton will return to work at the state department sometime next week. clinton was discharged yesterday from a new york hospital, where she had been treated for a blood clot in her head. a state department spokes
then, there's a full plate of challenges left by the last congress. within the next two months, the lawmakers will again face the prospect of automatic spending cuts and the need to raise the nation's debt ceiling. >> brown: still to come on the "newshour" tonight: weighing the fiscal cliff deal; charges in the india gang rape case; the country's crumbling sewage system and an expanding american reach for al jazeera. but first, the other news of the day. here's hari sreenivasan....
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Dec 27, 2012
12/12
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this is going to be a real issue next month when congress is back. >> you could understand why she would be hesitant considering what happened with the previous person who was trying to be secretary of state. right? i mean, this is -- this is a minefield she walking into. >> what makes had situation so much -- there's been an independent report about what happened in benghazi. according to the report about the state department's actions will were systemic failure to republicans and democrats of capitol hill asking questions. what caused the systemic failures? does the buck stop with hillary clinton? no one is sure yet but will have to come and testify and was scheduled to testify. it is not about whether she wants to or is willing to. it is when she will reschedule now due to her health. >> at the same time, i mean a lot of people had commented before she had taken this time off or before gotten sick. she had not been looking well. the travel had been obviously extremely hard on her. >> that's right. she did take a lot -- long foreign trip. now she has been out of the picture, though, si
this is going to be a real issue next month when congress is back. >> you could understand why she would be hesitant considering what happened with the previous person who was trying to be secretary of state. right? i mean, this is -- this is a minefield she walking into. >> what makes had situation so much -- there's been an independent report about what happened in benghazi. according to the report about the state department's actions will were systemic failure to republicans and...
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whatever happens, whether it happens the first month with congress, the next 48 hours, i think the majority of americans will be safe from a tax increase but the realities that we need presidential leadership, we've had two years to deal with this mess. he has not led at all. we've had -- he's had four years in the white house, he's going to have an additional four years in the white house. he needs to do what bill clinton did. he needs to do what president reagan did. president reagan was willing to sit down with the democratic speaker of the house and work on real common sense solutions. >> he met with speaker baner. >> he sat down once. >> couldn't speaker boehner get his house republicans to go along with his plan b. >> look at plan b. plan b was a plan that was advocated by nancy pelosi, was advocated by chuck schumer less than two years ago. they said that what we should do is raise taxes on people that make a million dollars or above. there were only 50 house republicans who said they were not going to vote for plan b. you couldn't even get 50 house democrats to vote for something li
whatever happens, whether it happens the first month with congress, the next 48 hours, i think the majority of americans will be safe from a tax increase but the realities that we need presidential leadership, we've had two years to deal with this mess. he has not led at all. we've had -- he's had four years in the white house, he's going to have an additional four years in the white house. he needs to do what bill clinton did. he needs to do what president reagan did. president reagan was...
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Jan 2, 2013
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. >> we're told we'll get a bill on the floor later this month in the next congress. it's already nine weeks. it's already an unprecedented length of time and why? new york and pennsylvania and new jersey, those residents -- are those residents any leisureses than other parts of the country -- are those residents any less residents than other parts of the country? >>> the deal to avert the fiscal cliff appears to be good news for hollywood. the legislation extends millions of dollars in tax incentives for the entertainment industry, through the end of the year. producers of movies made here in the u.s. can deduct up to $15 million in expenses. those incentives were generous for tv producers who can claim deductions for each episode. >>> experts are predicting a shortage of primary care doctors in california and across the country. as the population gets colder, and they also say that the affordal care act could strain access to primary care physicians. medical schools and hospitals in california are working to address the issue by increasing training and residency pro
. >> we're told we'll get a bill on the floor later this month in the next congress. it's already nine weeks. it's already an unprecedented length of time and why? new york and pennsylvania and new jersey, those residents -- are those residents any leisureses than other parts of the country -- are those residents any less residents than other parts of the country? >>> the deal to avert the fiscal cliff appears to be good news for hollywood. the legislation extends millions of...
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then, there's a full plate of challenges left by the last congress. within the next two months, the lawmakers will again face the prospect of automatic spending cuts and the need to raise the nation's debt ceiling. >> brown: still to come on the "newshour" tonight: weighing the fiscal cliff deal; charges in the india gang rape case; the country's crumbling sewage system and an expanding american reach for al jazeera. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: for another member of congress, today marked an especially momentous return to work. republican senator mark kirk of illinois suffered a stroke 10 months ago, and had to learn how to walk again. today, he climbed the 45 steps of the capitol, with vice president biden and west virginia senator joe manchin on hand for support. secretary of state hillary clinton will return to work at the state department sometime next week. clinton was discharged yesterday from a new york hospital, where she had been treated for a blood clot in her head. a state department spokes
then, there's a full plate of challenges left by the last congress. within the next two months, the lawmakers will again face the prospect of automatic spending cuts and the need to raise the nation's debt ceiling. >> brown: still to come on the "newshour" tonight: weighing the fiscal cliff deal; charges in the india gang rape case; the country's crumbling sewage system and an expanding american reach for al jazeera. but first, the other news of the day. here's hari sreenivasan....
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the harry truman congress called the do nothing congress passed 906. so they're extraordinarily productive compared to what we have now. >> reporter: yeah. >> talking about why in "the washington post" a couple of months and said never have we seen them this dysfunctional and criticize both parties and now acknowledge the core of the problem lies with the republican party. what do you think is going on with this truly do nothing congress? >> reporter: well, toure, one is tempted to be flip and say there's post offices that needing naming in the '50s and inflated the numbers and really essentially looking at the numbers the vast majority of those bills, the vast preponderance of those bills is sort of inconsequential bills. they have a special day reserved for post office namings and singing the praises of this day or that day or motherhood or apple pie and so, you know, it's sort of really hard to tell and it's fairly strong indication as if we needed that number to indication of how dysfunctional this congress is. here's somebody, a speaker in the bac
the harry truman congress called the do nothing congress passed 906. so they're extraordinarily productive compared to what we have now. >> reporter: yeah. >> talking about why in "the washington post" a couple of months and said never have we seen them this dysfunctional and criticize both parties and now acknowledge the core of the problem lies with the republican party. what do you think is going on with this truly do nothing congress? >> reporter: well, toure,...
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Dec 31, 2012
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a big win -- >> keep in mind just last month republicans in congress said they would never agree to raise rates. obviously the agreement is currently being discussed would raise those rates and raise them permanently. they made the president promising tax hikes above 250,000. not 450. >> well, i just think that's grossly unfair. >> a hangup -- democrats want a two-year postponement, covered by the new tax hikes. the president scoffed at republican demand for deeper spending cuts. >> shove only spending cuts down -- well -- shove -- shove spending cuts at us. >> reporter: so much for winning gop allies. >> laughs and jokes and ridicules republicans. why? >>> a bigger question is, will a deal get done? it's sure to kim s. >>> word that a deal was close on the fiscal cliff helped push stocks higher today. the dow surged more than 150 points to end the day above 13,000 form the nasdaq was un59 points. the s&p 500 jumped 23 points and closed the year up 13. >>> now, if there is no agreement to avoid the fiscal cliff, some federal workers could be facing furloughs. agency just give at least 30
a big win -- >> keep in mind just last month republicans in congress said they would never agree to raise rates. obviously the agreement is currently being discussed would raise those rates and raise them permanently. they made the president promising tax hikes above 250,000. not 450. >> well, i just think that's grossly unfair. >> a hangup -- democrats want a two-year postponement, covered by the new tax hikes. the president scoffed at republican demand for deeper spending...
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Jan 2, 2013
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to say two months ago a new congress will do what we are not doing today is something i cannot bring myself to do. i would like to vote for this because i want americans to have lower taxes, but the other day in conference one of my colleagues pointed out that if in fact you are spending the money, you are taxing our future generation. we are taxing $1.20 trillion next year. we are taxing $1.20 trillion. we were not collected, but we are taxing $1.20 trillion of deficit. the chairman of the ways and means committee rightfully said we are not simplifying the tax code. we're not making a better or more fair. we are not getting rid of the nascar loophole. we are not getting rid of the electric motor scooter loophole. we're not getting rid of a lot of tax things that are here. most importantly, we are not taking things the president himself said he would be for, like getting the calculation of chain cpi, the consumer price index for social security and pensions right, which would reduce the deficit going forward. because of what we are not doing, i cannot believe that this tax cut will i
to say two months ago a new congress will do what we are not doing today is something i cannot bring myself to do. i would like to vote for this because i want americans to have lower taxes, but the other day in conference one of my colleagues pointed out that if in fact you are spending the money, you are taxing our future generation. we are taxing $1.20 trillion next year. we are taxing $1.20 trillion. we were not collected, but we are taxing $1.20 trillion of deficit. the chairman of the...
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Jan 2, 2013
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farm bill by nine months. it had been set to expire monday without the temporary fix, dairy subsidies would have reverted to 1949 levels, meaning milk prices might have doubled to around $7 a gallon this year. congress has time to finalize a five-year, $500 billion farm bill that authorizes spending on crop subsidies and food stamps. still with us is ken camen from acadian asset management. away from the farm bill, i raised this before break. just talk about the politics as we now go to talking about spending cuts and debt ceilings particularly on the republican side. you know, has john boehner got sort of voted against in -- although he passed a bill, it's almost -- some of the key gop members voted against him. >> listen, i'm not -- you know, a political expert on the make up of the house, but i will say if you look back at newt gingrich and the contract with america, there are a lot of things his party wanted to be put on the contract with america platform that he didn't. he stood tall and said, listen, you
farm bill by nine months. it had been set to expire monday without the temporary fix, dairy subsidies would have reverted to 1949 levels, meaning milk prices might have doubled to around $7 a gallon this year. congress has time to finalize a five-year, $500 billion farm bill that authorizes spending on crop subsidies and food stamps. still with us is ken camen from acadian asset management. away from the farm bill, i raised this before break. just talk about the politics as we now go to talking...
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. >> you know, keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. obviously, the agreement that's currently being discussed would raise those rates and raise them permanently. [ applause ] >> now -- >> guess what. you may not get any more revenue. you may not get any more economic growth. but you can say, i stuck it to the rich people. >> reporter: only capitol hill, the blame game is in full throttle with just a few hours left before we take the "fiscal cliff" plunge at midnight eastern time. >> i want everyone to know i'm willing to get this done, but i need a dance partner. >> reporter: vice president joe biden and senate minority leader mitch mcconnell have been trying to hammer out a last-minute agreement. they have agreed on a few issues but both sides are making concessions. if the deal passes, it looks like democrats will keep popular items like a five-year extension on the child tax credit. it's for workers who do not earn enough to pay income taxes. also, the refundable credit for parents who
. >> you know, keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. obviously, the agreement that's currently being discussed would raise those rates and raise them permanently. [ applause ] >> now -- >> guess what. you may not get any more revenue. you may not get any more economic growth. but you can say, i stuck it to the rich people. >> reporter: only capitol hill, the blame game is in...
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congress passes a law in the summertime and we had six months to every engage in financial planning which is why you were joking about the irs website. everybody is commiserating with the irs. nobody knows what to make of this. we have not analyzed it. our message to clients is we need to sit back, do some research here to analyze how this is going to affect us. do we need to change our tax withholding a work in one direction or another? front load retirement contributions to alter our behavior such as child care or long-term care expenses or mortgage deductions? gerri: you don't have the answer the question nighter. >> no. and it's frustrating. my clients are paying me to answer these kinds of questions. as a financial planner might just help them plan for the future. we just get notification of a top the 13 tax bill on january january 12013. that's unconscionable, absurd and demonstrates -- gerri: just to point out to our viewers, you are a smart financial adviser, one of the biggest in the country. selig were talking to someone who doesn't know is talking about. we're talking to someon
congress passes a law in the summertime and we had six months to every engage in financial planning which is why you were joking about the irs website. everybody is commiserating with the irs. nobody knows what to make of this. we have not analyzed it. our message to clients is we need to sit back, do some research here to analyze how this is going to affect us. do we need to change our tax withholding a work in one direction or another? front load retirement contributions to alter our behavior...
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in two months, government will reach its limit on borrowing unless congress acts. it only delays large cost the pentagon and other government programs. in march we may see another round of fighting. president says he hopes congress can get a deal done with a little less trauma. >> another blow in the effort to get aid areas -- aid to areas devastated by hurricane sandy. back on friday, the senate approved more than $60 billion measure to help recover is on the storm. house appropriations committee drafted a smaller $27 billion measure and the vote has been expected before congress's term ends thursday. >> secretary of state hillary clinton spent the first night of 2013 in a hospital, recovering from a blood clot. they are using blood thinners to break up the clots behind the right year. the plot-- the clot was discovered during a follow-up exam for concussions she sustained last month. it is not clear when she will leave the hospital. >> two men accused of brutally beating a d.c. man are back in court again today. they are scheduled to attend a status hearing. they
in two months, government will reach its limit on borrowing unless congress acts. it only delays large cost the pentagon and other government programs. in march we may see another round of fighting. president says he hopes congress can get a deal done with a little less trauma. >> another blow in the effort to get aid areas -- aid to areas devastated by hurricane sandy. back on friday, the senate approved more than $60 billion measure to help recover is on the storm. house appropriations...
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but congress pushed off deep government spending cuts for two months and the country is hitting the debt ceiling. >> three set up three more fiscal cliffs. we are gonna look back on this night and regret it. >> president obama rejoined his family in hawaii this morning. the white house had no immediate details when the president will receive and sign the bill. >>> well, stocks are sharply higher due to the fiscal cliff deal but some market watchers are cautioning that the euphoria could be short-lived because of the many challenging issues that remain unresolved. the dow is slightly off, but remaining up more than 200 points. it's up now 235 at 13,339. well, despite the fiscal cliff deal, everyone's paycheck will still be at least a little bit smaller this year. ktvu's janine de la vega is in los gatos to explain about the end of the payroll tax holiday. >> reporter: good afternoon. this tax cut has expired and it will affect every wage earner. most people that we spoke to this morning had no idea that it would affect their paychecks this year. now, here's what workers need to know -- th
but congress pushed off deep government spending cuts for two months and the country is hitting the debt ceiling. >> three set up three more fiscal cliffs. we are gonna look back on this night and regret it. >> president obama rejoined his family in hawaii this morning. the white house had no immediate details when the president will receive and sign the bill. >>> well, stocks are sharply higher due to the fiscal cliff deal but some market watchers are cautioning that the...
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congress instituted the tax in 1969 to go after millionaire adds voiding income taxes by claiming big deduction autos this was common. you can get into leveraged ky= very]c-k?ms >> so last night, whenc1]c congress passed tax cuts there was a pro vision to amt accounting for inflation. to e]8ain the impact they showed me a tax return for someone making $150,000 a year. >> this person is single, he's over that amount. >> our taxpayer still got hit with the amt. and the new adjustments didn't seem to be that big of a deal. >> i don't think it is. a few people will benefit in percentage terms but it's not a big deal. >> so if you've been caught in the bin in past years well, you'll likely be back there. congress tweaked amt. they didn't fix it. >> thank you very much. mark matthews reporting. the fiscal cliff compromise, dow jones climbed to its biggest gain dins since december 2011. >> there is outrage from the governors of new york and new jersey after a pro pose yl for federal relief funds was shelfed in congress last night. it's been mer than two months since the storm wrecked homes,
congress instituted the tax in 1969 to go after millionaire adds voiding income taxes by claiming big deduction autos this was common. you can get into leveraged ky= very]c-k?ms >> so last night, whenc1]c congress passed tax cuts there was a pro vision to amt accounting for inflation. to e]8ain the impact they showed me a tax return for someone making $150,000 a year. >> this person is single, he's over that amount. >> our taxpayer still got hit with the amt. and the new...
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Jan 2, 2013
01/13
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WUSA
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in two months the treasury will need to increase how much the country can borrow and lawmakers must approve it. the last time congress fought over the debt ceiling, america's credit rating was downgraded. the president says that doesn't need to happen again. >> the one thing i think that hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship. >> reporter: the president will be trying to reach a debt ceiling deal with a new congress. winners from the november election will be sworn in tomorrow. tara mergener for cbs news, capitol hill. >>> it is a small step to getting our fiscal problems in order, but only for a couple of months. the stopgap measure appears, however, to be having a positive effect on wall street. the dow above 200 points and both the nasdaq and s&p 500 are up. of course there is reaction from taxpayers. our surae chinn is on capitol hill with more information. >> very dysfunctional. >> it's exciting. it's a little frustrating there's some kicking of the can. > reporter: even tho
in two months the treasury will need to increase how much the country can borrow and lawmakers must approve it. the last time congress fought over the debt ceiling, america's credit rating was downgraded. the president says that doesn't need to happen again. >> the one thing i think that hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship. >> reporter: the president will be trying to...
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Jan 3, 2013
01/13
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CNNW
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what i was concerned being pushed over into the new congress this could delay it for months, that's why the speaker yesterday agreed to expedite this and get it done. that was the most significant thing. >> when we talk about a delay and we heard this over from chris christie as well. just to give everyone perspective, we have this graphic, when you see in previous storm disasters congress and the white house managed to get aid bills signed within a month, look at katrina, ten days, andrew, 31 days, double that time with hurricane sandy. what happened? >> the house, we didn't get the bill until last week. the governor submitted very detailed statements. it took them i guess almost a month and in fairness to them they wanted to make sure everything was documented so they came up with their request sometime around november 20th in that area, november 15th, november 20th, and then it went to the white house and the office of management and budget had to go through it, they submitted it to the congress, the senate voted on it i think right before christmas and then we got it this week so th
what i was concerned being pushed over into the new congress this could delay it for months, that's why the speaker yesterday agreed to expedite this and get it done. that was the most significant thing. >> when we talk about a delay and we heard this over from chris christie as well. just to give everyone perspective, we have this graphic, when you see in previous storm disasters congress and the white house managed to get aid bills signed within a month, look at katrina, ten days,...
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Dec 30, 2012
12/12
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MSNBCW
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they can continue to pay their bills for two months. congress and the white house is going to have to come back to the negotiating table again. we are going to have the typical budget rules. the house republicans are going to put out their budget. it will continue through the spring. >> andy, what are you hearing is happening in d.c. at the capital and how possible it is we are going to follow this time line put in place of maybe having the deal agreed to in two hours presented to senators and maybe they vote by midday and they send it to the house and the house is on the floor on new year's eve. what are you hearing? is the time line the one we are trying to go with? >> we are not hearing much of anything. it's probably a good sign. if there's radio silence, the two sides are talking to each other. they have something to talk ability. conceivably they could have an agreement they could show to the caucus caucuses. if they get a deal, a lot has to go right for this thing to get passed by january 1st. you have to have every single member
they can continue to pay their bills for two months. congress and the white house is going to have to come back to the negotiating table again. we are going to have the typical budget rules. the house republicans are going to put out their budget. it will continue through the spring. >> andy, what are you hearing is happening in d.c. at the capital and how possible it is we are going to follow this time line put in place of maybe having the deal agreed to in two hours presented to...
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wrangling again in a couple months over the debt ceiling and this spending cuts that they delayed but when it comes to the reported six hundred billion dollars over ten years in new revenue this deal is said to raise never mind the new deficit that creates what does that kind of money by any way we have a reality check plus why is the government involved in keeping the price of milk whoa part of the fiscal cliff deal involved of burning what some have dubbed a dairy cliff will discuss and wall wrong cliffs we have five phrases we'd like to retire this year that's in loose change let's get to today's capital account. so the fiscal cliff has been averted kind of by a deal that pushes more wrangling into the future by a few months so all say the play by play of the twenty four hour cable network news that we are hearing and will continue to hear for at least the next few months let's move on to something actually interesting though for the most part it is a new year time to reflect on how we can be better in two thousand and thirteen when it comes to the way we think about the economy mo
wrangling again in a couple months over the debt ceiling and this spending cuts that they delayed but when it comes to the reported six hundred billion dollars over ten years in new revenue this deal is said to raise never mind the new deficit that creates what does that kind of money by any way we have a reality check plus why is the government involved in keeping the price of milk whoa part of the fiscal cliff deal involved of burning what some have dubbed a dairy cliff will discuss and wall...
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Jan 1, 2013
01/13
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FOXNEWSW
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. >> just last month republicans in congress said they would never agree to raise tax rates on 00 wealthiest americans. obviously the agreement is currently being discussed would raise those rates and raise them permanently. >> republicans suggested the event may back fire. accusing the president of rubbing their noses in defeat. >> time to stop the campaigning, the president won. we all know that. he won fair and square. but isn't it now time to govern? >> the president was absolutely out of line with his comments at 1:30 this afternoon. this is a very delicate time in the negotiations. i would think democrats would be embarrassed at what the president did. >> after months of the president promising a balanced approach, there are only tax hikes for the rich without any new spending cuts. and today he hinted at even more tax hikes ahead. warning republicans future deficit reduction will not come from cuts alone. >> if they think that's going to be the formula for how we solve this thing. then they have got another thing coming. that's not how it's gonna work. >> republicans fired back it's t
. >> just last month republicans in congress said they would never agree to raise tax rates on 00 wealthiest americans. obviously the agreement is currently being discussed would raise those rates and raise them permanently. >> republicans suggested the event may back fire. accusing the president of rubbing their noses in defeat. >> time to stop the campaigning, the president won. we all know that. he won fair and square. but isn't it now time to govern? >> the president...
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Jan 3, 2013
01/13
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LINKTV
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congress approved a deal that averted the threat of another recession. that is until the more crucial deadline arrives in less than two months when the debt limit will need to be increased. >> hopefully will focus on saying if we can put a package like this together. with less trauma and less brinksmanship. and not scare the heck out of coke's sprite as much. this includes major tax increases affecting three in four households. the head to the pocketbooks is to not to hikes in income-tax rates but the end of a 2-year- long payroll tax holiday. >> i have not decided how much is going to impact me. i do not think others will be happy about it. they are more likely middle- class and that will be more money out of their pockets. >> wage earners making up to $30,000 will pay $300 a year extra. $822 for households making up to $75,000. 1700 for those earning up to $200,000.2700 on the income of half a million dollars. the big hits will be felt by the topmost earners whose income tax rates rise. millionaires will pay $170,000 more. hanging messiness has frustra
congress approved a deal that averted the threat of another recession. that is until the more crucial deadline arrives in less than two months when the debt limit will need to be increased. >> hopefully will focus on saying if we can put a package like this together. with less trauma and less brinksmanship. and not scare the heck out of coke's sprite as much. this includes major tax increases affecting three in four households. the head to the pocketbooks is to not to hikes in income-tax...
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Dec 28, 2012
12/12
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FBC
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congress, we ner had as much trouble as we had with environmental protection agency on regulating to the effect of hurting the economy not having anything to back it up, and causing an enormous, hundreds of billions oo dollars are regulatory requirements for so many industry folks that may never be in compliance, there has never been a cost benefit analysis done on many of these regulations. what they have tried to do under miss jackson is ledge lake that -- legislation that would otherwise not get passed. tom. i am glad you are on it. congressman greg harper from mississippi thank you. >> thank you, tom. tom: a fox business alert, a live look at sene floor, they are debating an emergency 60 billion-dollar spending bill for hurricane sandy relief, it is a bit conversional it include something spending items that had nothing to bowith the storm or the victims like a new roof for the smithsonian. we'll keep you posted. >> coming up, fists are flying, newports could be closing. the union fight that could hit you right in your wallet. then, why if you are pretty, things could get ugly. i
congress, we ner had as much trouble as we had with environmental protection agency on regulating to the effect of hurting the economy not having anything to back it up, and causing an enormous, hundreds of billions oo dollars are regulatory requirements for so many industry folks that may never be in compliance, there has never been a cost benefit analysis done on many of these regulations. what they have tried to do under miss jackson is ledge lake that -- legislation that would otherwise not...
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Dec 31, 2012
12/12
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CNBC
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if congress reaches a deal by mid-month, they won't see a problem. the cms says they'll provide an update on january 11th. not knowing how much you're going to get paid for a couple of weeks as you're starting to see patients. there's bipartisan support to change the sgr. the sticky point is how. >> physicians are the second largest line item in medicare, behind hospitals. we do need to do something at some point. i'm just not sure a blunt cut costs approach is going to be successful. >> now, the cbo has estimated it could cost up to $300 billion over ten years to avoid this annual doc fix cliff. that's a heavier lift, though, than finding funding one year at a time. more on the doc fix on my piece live now on cnbc.com. simon, back over to you. >> bertha, thank you very much for that. bertha coombs, as we count down to this midnight deadline. defense sector facing major cuts if we do go over the fiscal cliff. how that industry will be affected if we don't get a deal today, we'll talk about that after the break. stay with us. any way you want. fully c
if congress reaches a deal by mid-month, they won't see a problem. the cms says they'll provide an update on january 11th. not knowing how much you're going to get paid for a couple of weeks as you're starting to see patients. there's bipartisan support to change the sgr. the sticky point is how. >> physicians are the second largest line item in medicare, behind hospitals. we do need to do something at some point. i'm just not sure a blunt cut costs approach is going to be successful....
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Jan 3, 2013
01/13
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WBAL
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after months of uncertainty, congress has passed a bill to avoid the fiscal cliff, which is great. [ applause ] and now that the deal is complete, president obama is going back to hawaii to finish his family vacation, while congress is heading back to their favorite place to vacation -- congress. [ laughter ] while working on the deal to avoid the fiscal cliff, members of congress spent new year's eve at the capitol. yeah, even the guy watching "the twilight zone" marathon with his parents was like, "talk about a lame new year." [ laughter ] you guys hear about this? this is a crazy story. there are reports that john boehner told harry reid to go "f" himself outside the oval office last week. that's true. then on top of that, republicans told reid that if he does "f" himself, they won't pay for his contraception. [ laughter and applause ] won't do it. >> not gonna do it. >> jimmy: no go. not going to do it. uh-uh, uh-uh. no way. you think about it before -- yeah. actually, though, after boehner -- true story. he did tell reid to "f" himself, but he said the word. [ light laughter ] b
after months of uncertainty, congress has passed a bill to avoid the fiscal cliff, which is great. [ applause ] and now that the deal is complete, president obama is going back to hawaii to finish his family vacation, while congress is heading back to their favorite place to vacation -- congress. [ laughter ] while working on the deal to avoid the fiscal cliff, members of congress spent new year's eve at the capitol. yeah, even the guy watching "the twilight zone" marathon with his...
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Jan 2, 2013
01/13
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WMAR
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the first one comes next month, when the government is at risk of defaulting on its debt unless congress raises the amount of money the government can borrow. the next, those automatic spending cuts happen on march 1st, unless congress acts. that means potentially hundreds of thousands of government employees put at risk. finally, funding for the government itself runs out on march 27th, unless the white house can get some cooperation with republicans in congress. >> that's a mega-cliff coming. thank you so much, jon. >>> and we have a note now under the file, really, did you know this, is it possible? the president has until noon tomorrow to sign that bill into law, but the president is now back in hawaii, so, the question becomes, how does he get it signed? there are two options for this. one, they can fly it overnight to him in hawaii and the other is something called an auto pen. and it's a mechanism that signs the president's signature and did you know that the president's signature can be done this way on a law? they're still not saying yet which option the president will choose. >
the first one comes next month, when the government is at risk of defaulting on its debt unless congress raises the amount of money the government can borrow. the next, those automatic spending cuts happen on march 1st, unless congress acts. that means potentially hundreds of thousands of government employees put at risk. finally, funding for the government itself runs out on march 27th, unless the white house can get some cooperation with republicans in congress. >> that's a mega-cliff...
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congress took the u.s. government the u.s. economy hostage and they let their hostage go about an hour several hours after the hostage deadline and they now would like to be congratulated for letting their hostages go however since they took the hostages it's hard to be excited and addition to which this has reputational damage the united states as well as really damage the united states because all the uncertainty it all the negativity over the last really ten months almost as this dragged out and this deal violated all the basic promises to both basic constituencies so nobody wanted to be responsible for a deal and everybody was much more interested in grandstanding and talking ideological purity than solving the nation's problems it was an expiry of the tax cuts why aren't we hearing much about it because they're focusing on the few successes some real some imagined and that is not an area of success and it highlights that when the republican party says no new taxes at all they mean new taxes and including new taxes for peo
congress took the u.s. government the u.s. economy hostage and they let their hostage go about an hour several hours after the hostage deadline and they now would like to be congratulated for letting their hostages go however since they took the hostages it's hard to be excited and addition to which this has reputational damage the united states as well as really damage the united states because all the uncertainty it all the negativity over the last really ten months almost as this dragged out...
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Jan 2, 2013
01/13
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MSNBCW
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seth up a triple threat just too short months from now. we have the fight over raising the nation's debt ceiling that comes in late february or early march. march 1st, congress will have to deal with the sequester of the automatic spending cuts that have been put off. just a few weeks later, the continuing resolution on the federal budget runs out. that could lead to at least a partial government shut down. joining us now live with a happy new year to you. i guess we will start with the debt ceiling. why not tackle this first. it has been building for a while and a major sticking point in the negotiations. how does the make up of the final deal change the way this is likely to play out? >> a lot of democrats were upset that the president went with this route because they felt like the tax cuts were something that was leveraged and they could have used to offset some of what we are going to see with the debt ceiling and those other things we mentioned there. this brings up all of these things all at once. while it's a short-term victory for
seth up a triple threat just too short months from now. we have the fight over raising the nation's debt ceiling that comes in late february or early march. march 1st, congress will have to deal with the sequester of the automatic spending cuts that have been put off. just a few weeks later, the continuing resolution on the federal budget runs out. that could lead to at least a partial government shut down. joining us now live with a happy new year to you. i guess we will start with the debt...
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pointing out that in the national defense authorization that congress. had added eight billion and programs that the pentagon did not need or want which would cost seventy four b. over a ten year period now proportionally that's not extremely high when you're talking about cuts of fifty four b. but nor is it in significant and it prevents the pentagon from prioritizing to maximize the effectiveness of defense dollars for security i think it was in one thousand nine hundred fifty four eisenhower gave a speech to the american association of newspaper editors it sometimes referred to as the cross of iron speech where he talked about you know one bomber equals fifty four thousand barrels of we didn't you know every plane made as signifies a theft essentially from the hungry but the larger point that he was making was that if you build a weapon of war and a bomb for example and you drop it on somebody that money is just gone or is if you build a hospital or a school for the same cost it continues to generate revenue for generations and so while we certainly n
pointing out that in the national defense authorization that congress. had added eight billion and programs that the pentagon did not need or want which would cost seventy four b. over a ten year period now proportionally that's not extremely high when you're talking about cuts of fifty four b. but nor is it in significant and it prevents the pentagon from prioritizing to maximize the effectiveness of defense dollars for security i think it was in one thousand nine hundred fifty four eisenhower...
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Dec 29, 2012
12/12
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WETA
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a month ago, the gallup poll had the approval rating at 18%. it is an improvement over august's where it was 10%. the fiscal clip deal, the day after christmas, kali had the president's approval rating, 54%. republican members of congress, 26%. you would think that during their well-earned christmas break, both sides would have found a way to come to the other and get something done. >> this is not the fault of congress. congress is behaving like congress. this is the president's fault. the president needs to go to the country and explain why they need to get this done. he has never done that. >> we are in different universes. i have heard him talk about it over and over, incessantly about why we should not go over the fiscal clip. it is congress's fall. congress created this fiscal cliff. it was their idea to make january 1 d-day. they did it. no one else impose this on them. >> the president has never gone to the nation and made a serious speech about debt. he ignored it the first two years. he appoints a commission that he studiously ignores
a month ago, the gallup poll had the approval rating at 18%. it is an improvement over august's where it was 10%. the fiscal clip deal, the day after christmas, kali had the president's approval rating, 54%. republican members of congress, 26%. you would think that during their well-earned christmas break, both sides would have found a way to come to the other and get something done. >> this is not the fault of congress. congress is behaving like congress. this is the president's fault....
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Jan 3, 2013
01/13
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KPIX
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in the coming months, legislators will debate spending cuts, the debt limit and gun control. the 113th congress begins work after one of the least productive terms in history. the last group passed just 151 bills. the fewest in 65 years. that left congress with an approval rating of 10% last year lower than past approval ratings for the irs, lawyers and even paris hilton. jeff lake is starting his first day in the senate after serving 6 terms in the house. the new senator from arizona believes the "fiscal cliff" fight was a preview of things to come. >> this will not be the last high wire act and something that we do right before a deadline. we can't seem to do things in advance here. >> reporter: but senator mark kirk showed new members that challenges can be overcome. the illinois lawmaker walked up the capital steps after spending nearly a year rehabbing from a stroke. [ applause ] >> reporter: danielle nottingham, cbs news, capitol hill. >>> the 113th congress includes 13 new senators and 82 new house members. >> it does. and two of those representatives are from right he
in the coming months, legislators will debate spending cuts, the debt limit and gun control. the 113th congress begins work after one of the least productive terms in history. the last group passed just 151 bills. the fewest in 65 years. that left congress with an approval rating of 10% last year lower than past approval ratings for the irs, lawyers and even paris hilton. jeff lake is starting his first day in the senate after serving 6 terms in the house. the new senator from arizona believes...
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Dec 31, 2012
12/12
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WJLA
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the white house and congress only have a few hours to reach a deal to avert tax hikes and spending cuts sought to take place tomorrow. leaders are at odds over several issues including the income level for higher tax rates. a woman charged with killing a man a pushing and in front of a new york city subway train is undergoing a psychiatric evaluation. prosecutors say that she pushed the man in front of a train because she thought it would be cool. she reportedly said in the past that she hates hindus and muslims. ♪ families and friends gathered in upstate new york to remember lieutenant michael stefanari. -- chatinari. one man is accused of killing his sister and the two firemen by deliberately setting house on fire. >> he was so generous, loving, and thoughtful. he was my best friend. even though i am surrounded by wonderful people i have an incredibly lonely feeling. my heart is broken, and i'm so thankful for the years we did share. >> two other firefighters were wounded. spangler killed himself. president obama talked about guns during a sunday morning interview. the president tol
the white house and congress only have a few hours to reach a deal to avert tax hikes and spending cuts sought to take place tomorrow. leaders are at odds over several issues including the income level for higher tax rates. a woman charged with killing a man a pushing and in front of a new york city subway train is undergoing a psychiatric evaluation. prosecutors say that she pushed the man in front of a train because she thought it would be cool. she reportedly said in the past that she hates...
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Jan 3, 2013
01/13
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WUSA
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the sequestration of the fiscal cliff was delayed two months. the country will reach the debt ceiling. >> we face three more fiscal cliff, where, the only questions asked will be what programs do we cut and how deep do we cut them. >> reporter: congress avoided the fiscal cliff by cutting taxes and delaying decisions about difficult spending cuts, setting up the one, two, three punch >> we will get hit hardest of any congressional district in the country. >> we dilad i but haven't avoided much -- delayed but haven't avoided much. >> reporter: uncertainty ahead has business on hold. >> we will still have a hold on hiring, a hold on new investments. >> reporter: even as business knows. >> there will be people fur loued, people not -- furloughed, people not hired into new jobs. >> we are in a new economic reality. >> reporter: the president of council of government's board of directors, knows if those sequestration cuts kick in in two months. >> programs such as head start in the school system to emergency preparedness will be cut 8%, it is the loc
the sequestration of the fiscal cliff was delayed two months. the country will reach the debt ceiling. >> we face three more fiscal cliff, where, the only questions asked will be what programs do we cut and how deep do we cut them. >> reporter: congress avoided the fiscal cliff by cutting taxes and delaying decisions about difficult spending cuts, setting up the one, two, three punch >> we will get hit hardest of any congressional district in the country. >> we dilad i...
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Jan 3, 2013
01/13
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MSNBCW
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keep that in mind when the next self-imposed crisis comes calling in a couple months. also, the best news of the day, the 112th congress is history, and it made history in many ways. the least productive, most unpopular congress since people have been tracking this sort of thing. the 113th can't be worse, can it? >>> plus, speaker john boehner was shamed into scheduling a vote on hurricane sandy relief after being humiliated by fellow republicans. is it possible that the house didn't vote because a southern rural right wing republican party just doesn't care about people in the mostly democratic northeast? >>> and first amendment meets second amendment on the day children from sandy hook go back to school, a debate heats up over a newspaper that published the names and addresses of every gun permit holder in two new york area counties. now the paper wants to do it for a third county, but the county clerk says no way. >>> and remember this? >> barack obama is the worst president in history. >> that's congressman ben quayle walking off camera. now he's walking out of the
keep that in mind when the next self-imposed crisis comes calling in a couple months. also, the best news of the day, the 112th congress is history, and it made history in many ways. the least productive, most unpopular congress since people have been tracking this sort of thing. the 113th can't be worse, can it? >>> plus, speaker john boehner was shamed into scheduling a vote on hurricane sandy relief after being humiliated by fellow republicans. is it possible that the house didn't...
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Jan 3, 2013
01/13
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CURRENT
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that leaves two months before congress will need to vote on raising the limit. the two chambers will have to deal with the upcoming mini cliffs thanks to automatic spending cuts that got delayed in march. that will bring out the same partisanship shown during the fiscal cliff debates. a new congress takes office today in one of their first orders of business is addressing an aid package for hurricane sandy. now, as bill mentioned earlier a lot of anger and criticism going toward john boehner right now for scrapping the vote that would have improved $60 billion for victims and for future storm defenses. lawmakers are only considering $9 billion in immediate aid. they'll take that one to a vote tomorrow. they will not dealing with the remaining $51 billion balance until january 15th. compare that with hurricane katrina, congress doled out $60 billion within ten days. we'll be right back. right have, about the "heavy hand of government" ... i want to have that conversation. let's talk about it. really? you're going to lay people off because now the government is go
that leaves two months before congress will need to vote on raising the limit. the two chambers will have to deal with the upcoming mini cliffs thanks to automatic spending cuts that got delayed in march. that will bring out the same partisanship shown during the fiscal cliff debates. a new congress takes office today in one of their first orders of business is addressing an aid package for hurricane sandy. now, as bill mentioned earlier a lot of anger and criticism going toward john boehner...
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Dec 31, 2012
12/12
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CNNW
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we learned confidence was at a four-year high in october, and it's plunged this month. congress has forced all of us to begin planning for the worst. >> 40 minutes after the hour. time to check top stories. venezuelan president hugo chavez is said to be suffering from complications following cancer surgery in cuba. they characterize chavez's health as delicate because of a respiratory infection. it's not clear whether the venezuelan leader will be able to return to his country for the start of his new six-year term scheduled to start on january 10th. >>> the second of two volunteer firefighters killed in an ambush on christmas eve will be laid to rest. 19-year-old thomas kaczowka will be laid to rest today. yesterday firefighters from all over the country as far as away as california, came to attend the funal of 19-year-old michael chapersky. >>> a woman charged with murder as a hate crime. police say menendez has hated muslims and hindus since 9/11, and told them she pushed 46-year-old immigrant to his death because, quote, she thought it would be cool. >>> a 21-year-o
we learned confidence was at a four-year high in october, and it's plunged this month. congress has forced all of us to begin planning for the worst. >> 40 minutes after the hour. time to check top stories. venezuelan president hugo chavez is said to be suffering from complications following cancer surgery in cuba. they characterize chavez's health as delicate because of a respiratory infection. it's not clear whether the venezuelan leader will be able to return to his country for the...
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Jan 2, 2013
01/13
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CNBC
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it delayed the across-the-board indiscriminate cuts set up by congress for two months. that fight is ahead. so is the fight over the debt ceiling which is also not addressed in this legislation. so the bill does a significant amount of things, but it's only a baby step, and we've got big, big fights ahead, guys, on spending, more on taxes, and on the debt ceiling. >> obviously it's an extremely political situation. that's a vast understatement. on the one hand, obama retreated, because the tax rates only go up on those earnings $400,000, $450,000, rather than $250,000. but the republicans did not get substantial spending cuts. they did not get, john, entitlement reform. is it fair to say that the white house outwitted the gop through this process? >> you know, i'm not sure. the white house would love for people to reach that conclusion. i'm not sure that's true. as you mentioned, they had a scheduled very large tax increase all the way down to that top rate, all the way down to $250,000 incomes that would have happened had nothing taken place. they accepted much less fr
it delayed the across-the-board indiscriminate cuts set up by congress for two months. that fight is ahead. so is the fight over the debt ceiling which is also not addressed in this legislation. so the bill does a significant amount of things, but it's only a baby step, and we've got big, big fights ahead, guys, on spending, more on taxes, and on the debt ceiling. >> obviously it's an extremely political situation. that's a vast understatement. on the one hand, obama retreated, because...
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but we're hopeful that congress can get it done. it is not done. and so, part of the reason that i wanted to speak to all of you here today is to make sure that we emphasize, to congress, and that members of both parties understand that all across america this is a pressing concern on people's minds. >> reporter: again, on the issue of tax increases and who constitutes the wealthiest of americans. the president was originally pitching a threshold of $250,000 a year in income. republicans wanted to see that as high as one million dollars. the deadline is midnight eastern time. keep in mind, even if congress misses that deadline they can put off the tax increases or refund them retroactively. katie marzullo, abc7 news. >>> a lot of us worried about our wallets. one item that won't fall off the cliff is milk. committees agreed to one year extension of the farm bill. committee approval is a good indication the full congress will follow even though the bill hasn't reached the floor. if the extension is not ok'd, the price of milk could double by next mo
but we're hopeful that congress can get it done. it is not done. and so, part of the reason that i wanted to speak to all of you here today is to make sure that we emphasize, to congress, and that members of both parties understand that all across america this is a pressing concern on people's minds. >> reporter: again, on the issue of tax increases and who constitutes the wealthiest of americans. the president was originally pitching a threshold of $250,000 a year in income. republicans...
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he hasn't cast a vote in 11 months. massachusetts will again have a kennedy in congress as joe kennedy. and for the first time, the fewest number of military veterans since world war ii. >> as we get further and further away from the greatest generation. interesting how the demographics change. it is, yeah. >> certainly is. >> hopefully, they'll get something done, the new congress, unlike the old one, which was the least productive congress ever, literally, at least in terms of bills passed. >> let's just let the ladies do it. >> nowhere to go but up. >> we know how to get stuff done. >> roll with it, girl. >>> talk about dirty politics, a former congressional candidate says she's been the target of vandalism by a political rival. gary smith was arrested for slashing the tires of janice arnold jones. a judge told him to stay away, but police say he didn't listen. now she says smith is stalking her. neither candidate won the seat by the way. should note that. but smith's former campaign manager says he's been a target,
he hasn't cast a vote in 11 months. massachusetts will again have a kennedy in congress as joe kennedy. and for the first time, the fewest number of military veterans since world war ii. >> as we get further and further away from the greatest generation. interesting how the demographics change. it is, yeah. >> certainly is. >> hopefully, they'll get something done, the new congress, unlike the old one, which was the least productive congress ever, literally, at least in terms...
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Dec 28, 2012
12/12
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if congress fails to pass a farm bill, they may end up spending an extra $120 a month on milk. that has dad sean rasmussen worried. >> we will not cut back on milk. they have to have their milk. we might have to cut elsewhere. >> reporter: without new legislation, government price supports for milk will revert to 1949 levels. back then, the process was more laborious, and farmers needed a higher subsidy to cover their costs. dan summer, professor of agricultural economics at the university of california davis, says the new price of milk will be far above what it now costs dairy farmers to produce it. >> it really will be just chaos. nobody really knows how to act. >> reporter: so we would go back to this old farm bill, which would force the government to buy milk at an extremely high price. >> that's right. >> reporter: this could be a windfall for dairy farmers. >> here's the problem for dairy farmers: they don't want chaos in the milk market. it sounds good-- "gee, everybody will double or triple the price"-- but how much milk would people buy at that price? >> reporter: nobo
if congress fails to pass a farm bill, they may end up spending an extra $120 a month on milk. that has dad sean rasmussen worried. >> we will not cut back on milk. they have to have their milk. we might have to cut elsewhere. >> reporter: without new legislation, government price supports for milk will revert to 1949 levels. back then, the process was more laborious, and farmers needed a higher subsidy to cover their costs. dan summer, professor of agricultural economics at the...
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Jan 2, 2013
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. >> new members of congress will be sworn in tomorrow and over the next two months they will have to resolve the issues this last minute deal does not address. here are some of the provisions of the deal passed last night. a permanent extension of previous tax cuts for all taxpayers. expect for individuals making $400,000 a year. or couples making more than $550,000. and it postpones decisions on controversial spending cuts for two monthst. >>> the house of representatives wrapped up its session last night without voting on legislation to authorize assistance for victims of super storm sandy. that caused an outcry from new york area lawmakers. >> i truly feel betrayed this evening. one of congress' most basic responsibilities is to help families, communities, businesses recover. >> the senate had already passed a $60.4 billion measure and the house was expected to vote on it but republican leaders say the deal on the fiscal cliff took so much time they didn't have any left to discuss the sandy bill. >>> police are investigating a deadly high speed crash outside a liquor store. ever h
. >> new members of congress will be sworn in tomorrow and over the next two months they will have to resolve the issues this last minute deal does not address. here are some of the provisions of the deal passed last night. a permanent extension of previous tax cuts for all taxpayers. expect for individuals making $400,000 a year. or couples making more than $550,000. and it postpones decisions on controversial spending cuts for two monthst. >>> the house of representatives...
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and all of these negative effects can be undone with congress continuing to work. but deadlines tend to make things happen here. and missing tonight could delay this for an amount of time we just can't predict. kate? >> kelly o'donnell on capitol hill where i suspect she'll be for a while. tonight our political director and chief white house correspondent chuck todd also on hand tonight. he joins me now. chuck, there are a lot of people, i'm sure, out there rolling their eyes, wondering how did we get to this point on new year's eve? how did they let it go this far? >> reporter: well, the biggest problem is our political system does not reward compromise. the way these deals have happened in the past, with previous presidents and previous speakers and previous leaders is a compromise is rewarded by the public. and right now, whether it's president obama, whether it was speaker boehner, the two of them couldn't find a way to get to a deal because they didn't want to look like they were ever caving. and when you get to a point where it looks like you're caving on som
and all of these negative effects can be undone with congress continuing to work. but deadlines tend to make things happen here. and missing tonight could delay this for an amount of time we just can't predict. kate? >> kelly o'donnell on capitol hill where i suspect she'll be for a while. tonight our political director and chief white house correspondent chuck todd also on hand tonight. he joins me now. chuck, there are a lot of people, i'm sure, out there rolling their eyes, wondering...
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president kennedy grabbed hugh tryden's idea and addressed a joint session of congress the next month. the apollo program was the brain child of hugh dryden and neil armstrong turned that dream into reality by making that one small step for a man, one giant leap for man kind on another world almost 230 miles away. hugh dryden was not able to see his dream become reality as he died in 1965 and unfortunately, neil armstrong passed away last august. it's important to honor both men's legacies by naming the flight research center after neil armstrong and the surrounding test range after hugh dryden. with this bill we reaffirm that america is filled with dreamers like hugh dryden and doers like neil armstrong, who working together can shoot for the moon. again, madam speaker, i want to thank congressman mccarthy for honoring their legacy which reminds us that america always needs to think about new frontiers. i yield back the balance of my time. . so much the jeement maryland. ms. edwards: i would like to inquire of mr. hall was to whether he has additional speakers, otherwise i'm ready to
president kennedy grabbed hugh tryden's idea and addressed a joint session of congress the next month. the apollo program was the brain child of hugh dryden and neil armstrong turned that dream into reality by making that one small step for a man, one giant leap for man kind on another world almost 230 miles away. hugh dryden was not able to see his dream become reality as he died in 1965 and unfortunately, neil armstrong passed away last august. it's important to honor both men's legacies by...
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Jan 2, 2013
01/13
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into this congress. and then, of course, we had the debt ceiling showdown. then it culminated with this fiscal cliff and created what's coming in march. what's coming in march, matt, take all the fights we had separately and put them all in one fight and expiring all at the same time, debt ceiling, funding the entire federal government, that expires. >> and i thought david brooks column was powerful and eye opening. kelly mentioned something he said but he said if congress couldn't make a single tough decision under these circumstances, why should we think it will make any further down the road? more likely, there will just be more squabbling and brinkmanship, more posturing and punting, which would not only poison future budget talks, chuck but also prospects for immigration reform, tax reform, gun control and many other projects. not a rosie picture. >> it isn't. i'm trying to figure out the relationship between, for instance, house speaker john boehner and the white house is terrible. let's not preten
into this congress. and then, of course, we had the debt ceiling showdown. then it culminated with this fiscal cliff and created what's coming in march. what's coming in march, matt, take all the fights we had separately and put them all in one fight and expiring all at the same time, debt ceiling, funding the entire federal government, that expires. >> and i thought david brooks column was powerful and eye opening. kelly mentioned something he said but he said if congress couldn't make a...
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Dec 26, 2012
12/12
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all of these people what the ir is saying refunds will be delayed two months if the irs -- if congress doesn't act to change it. >> they are going to have to do something about it. i can't begin to think about how dpift it is to determine what your taxes might be verses next year when we don't even know all of the regulations yet. prepay your mortgage for january and pay it now before the end of the year. >> if you pay the january mortgage, you can prepay these mortgages this year pay it so it gets on the form>> increase your charitable deductions in 2012. if you want to reduce the entry for charitable deductions if you doesn't know who to give them to go to the charitable gift fund and do something like that. >> accelerate business expenses tax deductible this year. >> prepay rent prepay other expenses you have around there the retirement plan to end. in the beginning 3.8 percent more on investment income .9 more on earnings. you have way the two years. >> a lot of people will be on the phone with people like you. >> it is now 6 minutes before the top of the hour. residents in one com
all of these people what the ir is saying refunds will be delayed two months if the irs -- if congress doesn't act to change it. >> they are going to have to do something about it. i can't begin to think about how dpift it is to determine what your taxes might be verses next year when we don't even know all of the regulations yet. prepay your mortgage for january and pay it now before the end of the year. >> if you pay the january mortgage, you can prepay these mortgages this year...
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Jan 2, 2013
01/13
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in two months, the treasury will need to increase how much the country can borrow and lawmakers must approve it. the last time congress fought over the debt ceiling, america's credit rating was downgraded. the president says that doesn't need to happen again. >> the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship. >> reporter: the payroll tax holiday expired. that means less money in most people's paychecks. the bill did not address that. on capitol hill, i'm tara mergener for cbs 5. >>> and stocks shot up sharply this morning on the first day of trading in 2013 jumping more than 200 points at the open. it is wall street's biggest rally in six months. things are still looking good at this hour. they are up about 237 points. now, economists caution that this euphoria in the markets could be short-lived as lawmakers now have to agree on the debt ceiling. >>> victims of superstorm sandy will have to wait for the next session of congress to get federal aid. that
in two months, the treasury will need to increase how much the country can borrow and lawmakers must approve it. the last time congress fought over the debt ceiling, america's credit rating was downgraded. the president says that doesn't need to happen again. >> the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship. >> reporter: the payroll tax holiday...
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short months ago? >> or how about yesterday, for example? >> that one, too. >> no, i don't. no, i don't think there is a lot of hope for that. that's because the general makeup of congress is not changing that much. the senate is adding two democratic seat he is. the house lost some republican seats but republicans still control the house, obviously, the president is still in the white house. still absolutely a recipe for stalemate. what mcconnell said in that op ed is interesting, a lot like what john boehner indicated when he didn't want to negotiate one-on-one with president obama anymore. they are saying what they need to say today to keep control to keep support among their caucus you exactly the message that mitch mcconnell needs stand on today to go forward there is a small window of opportunity, right, they, for example, kicked the can down the road on the sequestration cuts two months from now. that gives them two months and maybe they will be in a better negotiating position then. maybe. we w
short months ago? >> or how about yesterday, for example? >> that one, too. >> no, i don't. no, i don't think there is a lot of hope for that. that's because the general makeup of congress is not changing that much. the senate is adding two democratic seat he is. the house lost some republican seats but republicans still control the house, obviously, the president is still in the white house. still absolutely a recipe for stalemate. what mcconnell said in that op ed is...
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that's what we will see congress tackling or trying to tackle in the coming months. entitlement reform. trying to make sure medicare and social security don't cost so much money over time. and also tax reform, trying to bring in some more revenue. republicans, more a fan of entitlement reform obviously than democrats. and democrats want to see it increased revenue through tax reform. those are the big things, and spending cuts only dealt with avoiding the sequester for a couple of months and the debt limit wasn't increased that, is still looming and we'll see the fight here in the next couple of months. >> we sure will. who are the winners and losers in the first fiscal cliff fight. >> this is interesting. there are obvious ones. and it's people who make a lot of money. cutoff of $450,000, $400,000 for individuals. but there is an itemized deduction cap. if you itemize, the cutoff is $300,000 for couples, $250,000 for individuals. if you are making more than that, you will see a phase in of the itemized deductions being capped. some of the winners, and some you may n
that's what we will see congress tackling or trying to tackle in the coming months. entitlement reform. trying to make sure medicare and social security don't cost so much money over time. and also tax reform, trying to bring in some more revenue. republicans, more a fan of entitlement reform obviously than democrats. and democrats want to see it increased revenue through tax reform. those are the big things, and spending cuts only dealt with avoiding the sequester for a couple of months and...
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Jan 1, 2013
01/13
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WBAL
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, giving congress more time to figure out how to reduce the deficit with other kinds of changes. that was just the senate working in the middle of the night. the house of representatives comes in today with pressure on them to make a deal as well and to cast a vote. that fiscal cliff has arrived but it looks like a solution is in place. andrea? >> thanks, kelly. your voice sounds a little like mine this morning. >> reporter: indeed. >>> doctors treating secretary of state hillary clinton for a blood clot in her head say they're confident she'll make a full recovery. more from chief science correspondent robert bazell. happy new year, robert. >> reporter: happy new year to you, andrea. the story could be a lot worse. it now appears that hillary clinton was in a dangerous situation, but it's been resolved successfully and every indication says she'll made a full recovery. she had a blood clot in a vein not in her brain but next to her brain. had it grown it could have cause aid small stroke. extensive examination has shown she has not suffered neurological damage. it would have ind
, giving congress more time to figure out how to reduce the deficit with other kinds of changes. that was just the senate working in the middle of the night. the house of representatives comes in today with pressure on them to make a deal as well and to cast a vote. that fiscal cliff has arrived but it looks like a solution is in place. andrea? >> thanks, kelly. your voice sounds a little like mine this morning. >> reporter: indeed. >>> doctors treating secretary of state...
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Jan 1, 2013
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in two months, when the united states hits that debt ceiling, and congress has to vote whether to raise it or not. and the sequester, when they come due, when mandatory spending cuts take effect, remember, they are delaying them for two months, and we will have another huge battle on our hands, and at that point, we will have more leverage, more distance between now and the election and the debt ceiling, because the united states could be default unless the president decides to raise it. it will take an act of congress to raise the debt ceiling. that's what we're looking at in the short term, whether the republicans can get this passed out of the house of representatives tomorrow or the following day, and two months down the line, because the deal they struck tonight, milissa, carries the seeds of further confrontation, bigger confrontation, one more thing, joe biden when he left the meeting stopped by the pool camera outside the senate chamber and said it will be a tough vote. never predict how the senate or house will vote. he asked what was his selling point to democrats? and his one
in two months, when the united states hits that debt ceiling, and congress has to vote whether to raise it or not. and the sequester, when they come due, when mandatory spending cuts take effect, remember, they are delaying them for two months, and we will have another huge battle on our hands, and at that point, we will have more leverage, more distance between now and the election and the debt ceiling, because the united states could be default unless the president decides to raise it. it...
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Jan 3, 2013
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it's the federal government shutting down if congress fails to broker a deal two months from now. eamon javers is here to explain some more of that. eamon. >> hi, bill. let me walk you through what happens if we actually have a situation where the united states congress refuses to pass an extension to the debt ceiling. if that happens, the united states can't add any new debt, cannot continue to borrow, so what would you have to do if you're the united states government? you'd have to live off of your tax receipts. take a look here at some of the charts that we've prepared, and can you see exactly how much money the u.s. government brings in every month. it's about $206 billion in receipts every month. that's the whole amount of money the u.s. government would have to finance its operations so how does that break out? what are the expenses on a monthly basis? we'll start with the absolute must-dos. interest on the debt, $29 billion a month. got to pay that. social security, got to pay that. 65 billion, medicare about 42 billion. veterans will b $11 billion. income security program
it's the federal government shutting down if congress fails to broker a deal two months from now. eamon javers is here to explain some more of that. eamon. >> hi, bill. let me walk you through what happens if we actually have a situation where the united states congress refuses to pass an extension to the debt ceiling. if that happens, the united states can't add any new debt, cannot continue to borrow, so what would you have to do if you're the united states government? you'd have to...
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the congress is going to have to vote. the president has said quite forcibly i'm not going the play this game. really, the congress has to vote in order to raise that debt ceiling. and it's going to be hard to get around that basic reality. so we can expect to see, and i know this is going to be really heartening, a fight that is going to make this one perhaps look like tiddlywinks over the course of the next two months, richard. >> vic, talking about congress voting. i'll let you go here. we're watching the numbers on the floor at the moment. we're seeing what appears like that the rule has passed. we're looking at 283 at the moment in that yea column. what might we take from the rules vote? will it be parallel later on on the senate vote itself? >> i've been watching this stuff for quite some time. and i got to tell you, i've never seen a rule vote that has been this lopsided. it's hard for me to believe that the vote on the senate bill is going to be anything close to that. i think you're going to have a lot of -- and i
the congress is going to have to vote. the president has said quite forcibly i'm not going the play this game. really, the congress has to vote in order to raise that debt ceiling. and it's going to be hard to get around that basic reality. so we can expect to see, and i know this is going to be really heartening, a fight that is going to make this one perhaps look like tiddlywinks over the course of the next two months, richard. >> vic, talking about congress voting. i'll let you go...
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say that they're actually going to be tackling this side of the equation again in the next couple of months now the issue of the debt ceiling which is a u.s. pouring limit is something which congress needs to pass in the public says we're quite happy to hold this over the obama administration until they get the spending cuts that they want so there's a lot of political wrangling ahead and yet. nerve markets. while this right now see the u.s. markets reaction then as i say a new year round it is underway right now that is in reaction to the nor make his passing of the bill of those spending cuts and tax increases so we got a real sense of relief on the trading floors today really the same goes for europe as well which are those numbers out as well for you again we've got healthy positive gains and as far as europe's concerned stocks rallied to a twenty two month high and that's after the deal was struck immediately after so as far as the global equity markets are concerned it's solved so good over two percent up for the sea and the dax just that. and moving on then is that you you managed to
say that they're actually going to be tackling this side of the equation again in the next couple of months now the issue of the debt ceiling which is a u.s. pouring limit is something which congress needs to pass in the public says we're quite happy to hold this over the obama administration until they get the spending cuts that they want so there's a lot of political wrangling ahead and yet. nerve markets. while this right now see the u.s. markets reaction then as i say a new year round it is...
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in two months government will reach the limit on borrowing unless congress acts. bill only delays large cuts to the pentagon and other government programs. although congress missed the january 1st midnight deadline by-passing the compromise deal in the house and senate, congress can try to take credit for retroactive tax cuts. >> it's a very, very strong first step. >> this is an important one. that is critical one for the future of the country. >> reporter: so in march another round of fighting as congress tackles the debt ceiling. sherrie johnson, abc2 news. >>> immediately after commenting on the house vote the president headed to andrews air force base in maryland and this is new video from overnight where he boarded the plane to fly to hawaii to rejoin his family. obama spent five days there before returning to the white house last thursday. >>> changes are coming to the health care for the coming year of 2013 the main is health insurance exchanges. they must be up and running by october 1st. only 18 states including maryland on thed to build their exchange.
in two months government will reach the limit on borrowing unless congress acts. bill only delays large cuts to the pentagon and other government programs. although congress missed the january 1st midnight deadline by-passing the compromise deal in the house and senate, congress can try to take credit for retroactive tax cuts. >> it's a very, very strong first step. >> this is an important one. that is critical one for the future of the country. >> reporter: so in march...
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Jan 3, 2013
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the 113th congress has a lot of work to do. in the first few months lawmakers face a looming government shutdown and a battle over the debt ceiling and automatic spending cuts. >> what just happened with the debt and deficit and taxes, that doesn't go away. >> this is the reason that i ran for congress, so while it's daunting this is what i'm ready for. i'm here to work. >> the first major vote will come friday when the house takes up part of the superstorm sandy relief package. also today the house voted to retain john boehner as speaker of the house. >>> critics call grover norquist the single biggest impediment to a budget deal. you might think he'd be lying low as some of his allies passed a $666 billion tax increase, but bruce leshan reports norquist is keeping anything but quiet. >> no. i'm disappointed that we weren't able to continue all of the 2001, 2003 tax cuts. >> reporter: grover norquist's days are filled with media interviews and he's putting his best spin on the first republican vote to raise taxes in 22 years.
the 113th congress has a lot of work to do. in the first few months lawmakers face a looming government shutdown and a battle over the debt ceiling and automatic spending cuts. >> what just happened with the debt and deficit and taxes, that doesn't go away. >> this is the reason that i ran for congress, so while it's daunting this is what i'm ready for. i'm here to work. >> the first major vote will come friday when the house takes up part of the superstorm sandy relief...
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capitol historical society hosted a discussion last month of stability in congress. among those we will hear from the former senator trent lott and robert livingston. now this is an hour and a half. >> thank you for being here. i apologize for the traffic, but i will take credit for the weather. we are here at the national heritage to lecture, which was established in 1991 by the u.s. capitol historical society, the white house historical association and the supreme court historical society. let me introduce myself, because i have not done that. i am the president and ceo of historical society and a former congressman from connecticut. we are going to talk about congress tonight. each of the heritage lectures is the responsibility of the organization that takes it on for that year, so every third year it is our responsibility to put on our heritage and lecture, and we are pleased to be in the hall of flags. it is a great venue and a great historical building. the heritage lecture explores one of the three branches of the national government and the momentous events a
capitol historical society hosted a discussion last month of stability in congress. among those we will hear from the former senator trent lott and robert livingston. now this is an hour and a half. >> thank you for being here. i apologize for the traffic, but i will take credit for the weather. we are here at the national heritage to lecture, which was established in 1991 by the u.s. capitol historical society, the white house historical association and the supreme court historical...
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Dec 27, 2012
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congress currently sets the borrowing limit at $16.4 trillion. the national debt rose because of a series of deficit-covering bonds were issued. the government and the republican party are at odds over the issue. the political stalemate in the summer of 2011 over raising the debt ceiling caused a plunge in stock prices. standard & poor's, the american credit rating agency, has downgraded u.s. government bonds from the top ratings for the first time. here are the latest market figures. >>> the chinese are trying to go head-to-head with the americans in the multibillion dollar sat nav business. their new navigation satellite system or bds is now offering service in the asia-pacific region. >> translator: bds will be used for both military and civilian purposes. it is useful in setting up china's national defense. >> chinese government representatives say the country has launched 16 satellites for bds. they say they plan to put several more into orbit to expand global coverage by 2020. bds is designed to compete with the u.s. global positioning syst
congress currently sets the borrowing limit at $16.4 trillion. the national debt rose because of a series of deficit-covering bonds were issued. the government and the republican party are at odds over the issue. the political stalemate in the summer of 2011 over raising the debt ceiling caused a plunge in stock prices. standard & poor's, the american credit rating agency, has downgraded u.s. government bonds from the top ratings for the first time. here are the latest market figures....
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decides what to do about the automatic spending cuts that we have now delayed for two months. i want to make this point. as i have demonstrated throughout the past several weeks, i am very open to compromise. i agree with democrats and republicans that the aging population and the rising cost of health care makes medicare the biggest contributor to our deficit. i believe we have to find ways to reform that program without hurting seniors who count on it to survive. i believe there is further unnecessary spending in government that we can eliminate. but, we can't simply cut our way to prosperity. cutting spending has to go hand in hand with for the reforms to our tax code so that the wealthiest corporations and individuals can't take advantage of loopholes and deductions that are available to most americans. and we can't keep cutting things like basic research and new technology and still expect to succeed in the 21st century economy. we are going to have to to continue to move forward with deficit reduction, but we have to make sure that we are growing even as we get a handle
decides what to do about the automatic spending cuts that we have now delayed for two months. i want to make this point. as i have demonstrated throughout the past several weeks, i am very open to compromise. i agree with democrats and republicans that the aging population and the rising cost of health care makes medicare the biggest contributor to our deficit. i believe we have to find ways to reform that program without hurting seniors who count on it to survive. i believe there is further...
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Dec 30, 2012
12/12
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FBC
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. >> six months ago we passed on the horrible sequestration things so congress can have time and solve this, where did it get us? nowhere. and there's a reason people don't trust this congress, they haven't earned one eye o iota. >> and got their vacations. let's talk the economy. the economy is right on that precipice. if we were to just take a shot into, you know, the back side here, you know, our consumer confidence has been dropping week by week and we'll get right back into slow growth and tn we'll freak o and do something more stupid. you were smirking, jonas. >> to get to your original question of the stock market, i think if they did nothing, but kick t can an entire year with all of these things and pushed the whole thing the next holiday season and holiday sales like this year, i think the market would go up, wall street is happyith pushing the problem down the road even though it shoulbe addressed sooner than that. i don't think it's good for the stock mark in the short run to solve these deficit problems. maybe we can keep rates 0 low and basically get money or nothing basi
. >> six months ago we passed on the horrible sequestration things so congress can have time and solve this, where did it get us? nowhere. and there's a reason people don't trust this congress, they haven't earned one eye o iota. >> and got their vacations. let's talk the economy. the economy is right on that precipice. if we were to just take a shot into, you know, the back side here, you know, our consumer confidence has been dropping week by week and we'll get right back into...
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Jan 2, 2013
01/13
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KPIX
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the bill just pushes off those cuts for two months so you're going to see congress and the white house fighting right away about how to replace the sequester with more sensible cuts once and for all. >> nancy cordes thanks nancy. >>> shortly after the house vote president obama got on a plane to resume his christmas vacation in hawaii but first he complained to reporters about how hard it was to reach a deal and insisted it won't happen again when the debt ceiling battle comes around. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already wracked up through the laws that they passed. the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much. >> major garrett is in the white house briefing room where the president made that announcement just hours ago. major, good morning. >> good morning. >> major, just to start with what was the reaction from the white hou
the bill just pushes off those cuts for two months so you're going to see congress and the white house fighting right away about how to replace the sequester with more sensible cuts once and for all. >> nancy cordes thanks nancy. >>> shortly after the house vote president obama got on a plane to resume his christmas vacation in hawaii but first he complained to reporters about how hard it was to reach a deal and insisted it won't happen again when the debt ceiling battle comes...
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Jan 3, 2013
01/13
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WBFF
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the 113th congress will be swornnin today.its first order pf business... ill most likely be tomorrow's ote on aiddfor vvctims of uuerstormm noon... to be sworn in. plthough a deal was reached... paying hhiher taxxs in 2013. 3alison kosik has more on how much weewill see miissng from our paychecks. 3 congress didn't raise income in this week's fiscal mmst of &pthe nation's 166 million workees will still be taking home maller pay checks thii yeer. payroll ttx cut expired on monday. so now, workers are paying two--eerent more in the payrool tax -- social seccriiy -- was temporarily lowered tt six-point-two percent. and the &pidea here workers a little extra money inntteirr ppychecks, in he economy. but now that the economy is doing congress is trying o get spendinggin check, the payroll tax returns to six-so here's payroll ttxes this year. n -3rs& reduction in pay oona bi-weekly payyheck. and the bigger the paycheckk the bigger the bite. $100,000 will year. the concern is, could affect people's ssendiig conccrns about and tax hikes. and this caused hooiday sh
the 113th congress will be swornnin today.its first order pf business... ill most likely be tomorrow's ote on aiddfor vvctims of uuerstormm noon... to be sworn in. plthough a deal was reached... paying hhiher taxxs in 2013. 3alison kosik has more on how much weewill see miissng from our paychecks. 3 congress didn't raise income in this week's fiscal mmst of &pthe nation's 166 million workees will still be taking home maller pay checks thii yeer. payroll ttx cut expired on monday. so now,...
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say that they're actually going to be tackling this side of the equation again in the next couple of months now the issue of the debt ceiling which is a u.s. pouring limit is something which congress needs to pass in the public says we're quite happy to hold this over the obama administration until they get the spending cuts that they want so there's a lot of political wrangling ahead on that yet. nerve markets. so that's what the experts are saying let's have a look at the u.s. markets reaction as you can see we are looking at that new year rally is underway and it's in reaction to the lawmakers passing of the bill advancing those spending cuts on those tax increases we were chatting about on real sense of relief on the trading floors as you can see it got some real positive has to gains on wall street . and let's take out europe then shall we see what's going on we've got stocks rallying to a twenty two month high after the deal was struck so as far as the global equity markets are concerned so far so good really for twenty eight thirteen as you can see again we're looking at positive gai
say that they're actually going to be tackling this side of the equation again in the next couple of months now the issue of the debt ceiling which is a u.s. pouring limit is something which congress needs to pass in the public says we're quite happy to hold this over the obama administration until they get the spending cuts that they want so there's a lot of political wrangling ahead on that yet. nerve markets. so that's what the experts are saying let's have a look at the u.s. markets...